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Fed requires OK for overdraft fees
The Federal Reserve released a long-awaited rule Thursday requiring banks and credit unions to get consumers' permission before charging steep fees...
USA TODAY, 11/13/09 by Kathy Chu · More from publication -
Congress prepares to curb overdraft fees
The movement to reform bank fees is accelerating as Congress takes aim at controversial industry policies that encourage consumers to fall into...
USA TODAY, 11/02/09 by Kathy Chu · More from publication -
Financial institutions offer college-savings incentives
As the volatile market batters college nest eggs, a growing number of financial institutions are rolling out incentives to help families save or...
USA TODAY, 10/27/09 by Kathy Chu · More from publication -
Bill would limit automatic overdrafts
Leading Democrats introduced legislation Monday to rein in banks' widespread practice of automatically paying overdrawn transactions, then charging...
USA TODAY, 10/20/09 by Kathy Chu · More from publication -
Banks will need OK to pay overdrafts, add fee
The Federal Reserve said it plans to release a rule in the next month that requires banks to get consumers' permission to charge a fee for paying...
USA TODAY, 10/15/09 by Kathy Chu · More from publication -
AIG urged to cut back on bonuses
The Obama administration's pay czar is pushing American International Group to pare back $198 million in retention bonuses it's scheduled to pay to...
USA TODAY, 10/14/09 by Kathy Chu · More from publication -
Push is on for faster credit reform
Lawmakers scolded banks Thursday for raising credit card rates for millions of consumers and businesses, saying their actions show the need to...
USA TODAY, 10/09/09 by Kathy Chu · More from publication -
Checking account fees on the rise
Despite the recession, banks are charging consumers record fees for checking account services. In August, ATM fees and monthly service charges...
USA TODAY, 09/30/09 by Kathy Chu · More from publication -
Anger at overdraft fees gets hotter, bigger and louder
Controversial bank account fees, which have fattened banks' bottom lines at the expense of vulnerable consumers, are rapidly becoming a black eye...
USA TODAY, 09/29/09 by Kathy Chu · More from publication -
FDIC chief wants overdraft fees restricted
Even as some banks pull back their policies, the head of the Federal Deposit Insurance Corp. is calling for tight restrictions on fees charged for...
USA TODAY, 09/28/09 by Kathy Chu · More from publication
