Released: September 28, 2009
FDIC chief wants overdraft fees restricted
Source: Kathy Chu, USA Today
Even as some banks pull back their policies, the head of the Federal Deposit Insurance Corp. is calling for tight restrictions on fees charged for overdrawn checking accounts. In the past week, some of the nation’s largest banks have announced plans to change the way they assess overdraft fees.
The moves are “significant improvements, but do they go far enough?” FDIC Chair Sheila Bair said in an interview with USA TODAY on Friday.
Read Full Article: FDIC chief wants overdraft fees restricted
Support Consumer Action
Join Our Email List
Press Menu
Consumer Help Desk
- Help Desk
- Submit Your Complaints
- Frequently Asked Questions
- Links to Consumer Resources
- Consumer Service Guide (CSG)
- Alerts
- Consumer Booknotes