making some progress.

Bank Overdraft Policies Have Improved, But Not Enough To Protect Most Consumers

Bank Overdraft Policies Have Improved, But Not Enough To Protect Most Consumers

Over the years, banks across the country have modified their policies regarding overdraft fees to comply with federal regulations — including requiring consumers to opt-in to the costly protection. Despite this, account holders spend nearly $32 billion each year on the fees. And according to a new report, that likely won’t end anytime soon, as most large U.S. banks continue to charge high, sometimes exorbitant overdraft fees.  [More]

(D. Michelson)

Student Loan Default Rates Decline, But A Record Number Of Borrowers Are In Default

While the number of borrowers defaulting on their federal student loans didn’t increase this year, the number of consumers who remain in default hasn’t really change either, creating a stand-still of sorts.  [More]