the number of Muslim-Americans involved in these plots is quite small.
If they wanted to deter overdrafting, they would deny the transactions on debit cards at the ATM.
I am glad my Senator, Chris Dodd, is doing something about it.
So it was 6 days after they actually took notice of it that they notified you?
fee-based overdraft lending traps consumers in astronomically expensive debt and deprives families of money that they need to meet their bas...
Yes. And so had you been notified more promptly, you would have dealt with it.
A Consumer Financial Protection Agency would be very important to keep this kind of abusive practice from getting out of hand.
That argument is baloney, that argument, and, frankly, the argument now that we are going to do away with free checking and other things.
That's why I introduced--The Fairness and Accountability in Receiving Overdraft Coverage Act.
Last week, the Federal Reserve, to its great credit, announced that they will require banks to get a consumer's consent before enrolling the...
That is not a deterrent. That is not a service. That is a debt trap.
93 percent of all overdraft fees are paid by 14 percent of account holders.
Our job on the Banking Committee is to make sure that regular folks get a fair deal from their banks.
I am angry now in a sense that they took advantage of that request in here.
But even if the technology were readily available at a reasonable cost, overdraft coverage fees should still be reasonable and proportional.
Overdraft protection loses its meaning if consumers are at greater risk with that protection than without it.
It seems to me if someone is overdrawn by $500, or $250, having an overdraft fee that would somehow be proportional to the amount of the ove...
Abusive overdraft policies are blatantly unfair. And the banks know it.
