Slowing growth in bank overdraft fees
This great article from the WSJ talks about the slowing growth in bank overdraft fees and how that is not enough to keep legislation at bay. Good! The best quote from the article is from Congressman Carolyn Maloney who said “… most banks still manipulate the posting order of transactions to maximize fee income.” WOW! Given that most big banks would be breaking their own posted rules by doing this, it is HUGE that at least some of our elected leaders are on this.
Fees & charges | admin November 23, 2009
