WASHINGTON, Nov. 12 (UPI) -- The U.S. Federal Reserve has closed the option for banks to charge overdrafts fees on two common transactions unless the consumer agrees to allow the fees.
STAMFORD, Conn., Oct. 19 (UPI) -- U.S. Senate Banking Committee Chairman Chris Dodd, D-Conn., Monday unveiled legislation to rein in bank overdraft fees.
CHARLOTTE, N.C., Sept. 23 (UPI) -- U.S. banking giant Bank of America said it would revamp its overdraft policy, lowering fees and offering customers a chance to opt out of overdraft coverage.
WASHINGTON, Sept. 21 (UPI) -- Sen. Christopher Dodd, D-Conn., is preparing a bill to prevent U.S. banks from hitting clients with overdraft charges without their permission.
CHARLOTTE, N.C., April 15 (UPI) -- U.S. financial giant Bank of America Corp. said it was abandoning plans to raise overdraft fees in light of the current economic environment.
WASHINGTON, Dec. 3 (UPI) -- A Federal Deposit Insurance Corp. survey found that young and poor depositors were hit with the majority of overdraft fees by U.S. banks.
NEW YORK, June 18 (UPI) -- Overdraft fees at U.S. banks have reached an annual total of $17.5 billion a year, the Center for Responsible Lending said.
LONDON, April 24 (UPI) -- A judge in Britain has ruled against British banks in a case involving overdraft charges, the British Broadcasting Corp. reported Thursday.
