(James Callan)

New Legislation Seeks To Rein In Overdraft Fees

Bank overdraft fees can pile up rapidly, making it increasingly more difficult for a consumer to get back to zero, which is why Congresswoman Carolyn Maloney of New York recently introduced legislation aimed at limiting how much and how frequently banks can ding account holders for these fees. [More]

I Have $132 In Overdraft Fees After Bank Cashes Post-Dated Check

I Have $132 In Overdraft Fees After Bank Cashes Post-Dated Check

A Consumerist reader wrote into us today to tell us how he ended up with $132 in overdraft fees, not because he went on a spending spree and didn’t manage his finances correctly, but because his eager beaver roommate went ahead and deposited his post-dated rent check almost a full week early. [More]