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]
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Bank Overdraft Policies Have Improved, But Not Enough To Protect Most Consumers
By 12.20.16 — Updated: 12.21.16
