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Consumers Want Informed Choice on Overdraft Fees and Banking Options

April 16, 2008
Overdraft Loans

A new CRL survey finds respondents prefer that their bank or credit union deny debit card purchases that are not covered by the funds in their checking account, whether their purchase is for $5, $20 or $40. More consumers are enrolled in the most expensive option than any other option for covering overdrafts, the survey also finds.