Released: October 07, 2009
Yikes! The $38 latte
Source: Jennifer Liberto, CNNMoney.com
A new battle is brewing in Congress, riding the same populist wave that pitted banks against consumers on credit card fees earlier this year.
Momentum is gaining behind a proposed crack down on overdraft fees—the big penalties banks charge when customers spend more than they have in their accounts.
More than 75% of banks automatically sign customers up for such programs, according to a study by the Federal Deposit Insurance Corp.
Read Full Article: Yikes! The $38 latte
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