BANK OVERDRAFT NEWS ARTICLE EXCERPT INDEX 2012
May 8, 2012
The New York Times, "The Confusion Over Your Bank's Overdraft Policies"
Although banks are now required to have customers actively "opt in" to receive overdraft coverage of debit card purchases and A.T.M. withdrawals, many consumers are unsure whether they have agreed to such coverage, according to a new report from an arm of the Pew Charitable Trusts. More...
February 22, 2012
The New York Times, "Consumer Inquiry Focuses on Bank Overdraft Fees"
The Consumer Financial Protection Bureau is beginning an inquiry into how banks levy overdraft fees they charge customers who bounce checks or withdraw more than they have in their accounts using debit cards or automated teller machines, the head of the agency said Tuesday. More...
February 6, 2012
Reuters, "Judge Approves $410 million settlement of lawsuit against Bank of America on overdraft fees"
JPMorgan Chase & Co has agreed to pay $110 million to settle consumer litigation accusing it of charging excessive overdraft fees. More...