Overdraft-Fee Revenue Up 35 Percent, Study Says:


bad-banks

This is an article I found in the Washington Post.

I wrote about these bank fees in my Book: Simply Fantastic: Living Better on less.

It is criminal, the charges that Banks make on their customers accounts and get away with it.
As I said in my book they are not there to help, In my opinion they are there to crush and be greedy.

This article is very much to the point and my sentiments exactly.

Some Banks have made concessions after much uproar but believe me they are not much.

Bank Customers Paid $23.7 Billion In Charges in 2008

By Nancy Trejos
Washington Post Staff Writer
Tuesday, October 6, 2009

The revenue that banks and credit unions generate by letting customers overspend their accounts, then charging them a fee, increased 35 percent in two years, the Center for Responsible Lending reports in a study released Tuesday.

Culling figures gathered by the Federal Deposit Insurance Corp., the consumer advocacy group found that customers paid $23.7 billion in overdraft fees in 2008, up $6.2 billion from two years before.

READ MORE

Leave a comment

Filed under Articles

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s