I am glad my Senator, Chris Dodd, is doing something about it.
It seems to me if someone is overdrawn by $500, or $250, having an overdraft fee that would somehow be proportional to t...
Overdraft protection loses its meaning if consumers are at greater risk with that protection than without it.
But even if the technology were readily available at a reasonable cost, overdraft coverage fees should still be reasonab...
I am angry now in a sense that they took advantage of that request in here.
That argument is baloney, that argument, and, frankly, the argument now that we are going to do away with free checking ...
But banks often add overdraft coverage to consumer accounts without informing them or giving them a choice.
Last week, the Federal Reserve announced that they will require banks to get a customer's consent before enrolling them ...
This ought to be delegated to a responsible regulatory body to provide the kind of protections.
Shouldn't we today in the 21st century... have responsible people at a responsible regulatory body making these kinds of...
It is a relatively small number of people, and they are people, obviously--I will not say 'obviously,' but primarily peo...
For too long, credit card companies made profits by charging consumers outrageous fees, or raising rates whenever they f...
That's why I introduced--The Fairness and Accountability in Receiving Overdraft Coverage Act.
Abusive overdraft policies are blatantly unfair. And the banks know it.
We also commend Chairman Dodd for the financial reform discussion draft he released last week.
Families shouldn't have to choose between staying healthy and making ends meet.
Families are anxious about this pandemic and are frustrated that vaccines remain unavailable.
We meet in the midst of an American emergency.
