http://news.yahoo.com/s/ap/20090923/ap_on_bi_ge/us_overdraft_fees;_ylt=AlSLtXP9FsoaNh7R.G1NrJus0NUE;_ylu=X3oDMTFpYWxqb3FtBHBvcwMzNwRzZWMDYWNjb3JkaW9uX21vc3RfcG9wdWxhcgRzbGsDYmFua29mYW1lcmlj
Looks like Bank of America will have to find a new way to scrape together a profit: Getting ahead of credit-card reform in the U.S. Congress, the bank joined J.P. Morgan in overhauling overdraft fees and practices that have been criticized by consumer-protection agencies. Reversing course, Bank of America said it will cap the fees on customers who overdraw their accounts, and it will not charge any fee on overdrafts of less than $10 in one day. It will limit to four the maximum number of fees per day, from a pervious cap of 10. The bank will also allow customers to opt out of overdraft protection, meaning that they’ll be turned away at the register rather than given a negative balance and a fee.
Showing posts with label consumers. Show all posts
Showing posts with label consumers. Show all posts
Wednesday, September 23, 2009
Wednesday, September 9, 2009
Biggest banks stepping in to payday arena
http://www.startribune.com/business/57364812.html?elr=KArksLckD8EQDUoaEyqyP4O:DW3ckUiD3aPc:_Yyc:aULPQL7PQLanchO7DiUss
Wells Fargo? Again, I'm astonished.
But not really.
Wells Fargo? Again, I'm astonished.
But not really.
Friday, August 21, 2009
Cash for Clunkers to end on Monday
http://news.yahoo.com/s/ap/20090821/ap_on_bi_ge/us_cash_for_clunkers
Wildly successful or poorly planned/run?
Wildly successful or poorly planned/run?
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