Saying “no” to debt can help you save money in the long run.
Four important tips for consumers who’ve recently opened a new bank checking account.
Should the CFPB impose new rules on checking account overdraft programs? The Credit Union National Association says no.
Most consumers understand the consequences of returned payments and want their bank to pay important transactions — even if it results in an overdraft. That’s assuming, however, the same fee will be charged regardless of whether the transaction is paid. That’s according to a new study of overdraft payment services by the Independent Community Bankers of
Chase checking account holders are getting a break for overdrawing their accounts with small purchases.
After a two-year hiatus, banks are again raising the fees they charge consumers who overdraft their account, according to a recent survey by the Consumer Federation of America, or CFA, a nonprofit consumer advocacy group in Washington, D.C. The typical overdraft fee is still $35 per transaction, but two of the largest banks, U.S. Bank and
A study finds that consumers are still confused about bank checking account overdraft fees, despite opt-in requirement.
Consumers today pay significantly higher bank fees than they did 10 years ago. That statement might seem obvious to many consumers. But now it’s a matter of statistical record as well, according to a new report, “The Cost of Regulation: The Necessity of Bank Fees,” from Javelin Strategy and Research, a financial institution consulting firm
If you’ve ever had an overdraft fee turn a $2 debit purchase into a $37 debit purchase, you may be glad to know the first action item on the Consumer Financial Protection Bureau’s list when it comes to banking is “courtesy” overdraft programs. At a roundtable with banks and consumer advocacy groups hosted by the
If you’re guilty of overdrawing your checking account, one bank is introducing a choice for how you pay when they cover for your purchases. TCF Bank announced yesterday that it will begin offering account holders the ability to choose between two types of overdraft protection: a per-item fee of $37 and a per-day fee of