02/09/2009
https://www.congress.gov...
"My concern is that if we give a choice in a static environment, where I opened an account 2 years ago and I opted into this thing and I had no idea that I would be incurring this fee, that is the prob..."
"Last week, the Federal Reserve, to its great credit, announced that they will require banks to get a consumer's consent before enrolling them in an overdraft coverage program."
"That is not a deterrent. That is not a service. That is a debt trap."
"Abusive overdraft policies are blatantly unfair. And the banks know it."