Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Odd News

Senate Bill Would Curtail Bank Overdraft Charges

Oct. 19, 2009
The legislation would establish a limit of one overdraft fee in a month, with a maximum of six in a year.
Related Stories from UPI.com

Dodd unveils overdraft fee regulation

STAMFORD, Conn., Oct. 19 (UPI) -- U.S. Senate Banking Committee Chairman Chris Dodd, D-Conn., Monday unveiled legislation to rein in bank overdraft fees.
Bank of America to revamp overdraft policy

Bank of America to revamp overdraft policy

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.
Key legislators target overdraft fees

Key legislators target overdraft fees

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.

Some find courtesy overdrafts discourteous

WASHINGTON, Aug. 4 (UPI) -- Customers least able to afford courtesy overdraft fees at credit unions are paying the most for the programs, industry researchers said.

Man baffled by $23 quadrillion overdraft

MANCHESTER, N.H., July 15 (UPI) -- A New Hampshire man said he was shocked to check his bank account statement online to find his account overdrawn by more than $23 quadrillion dollars.

Bank of America drops back on fee changes

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.

FDIC: Overdrafts hit vulnerable consumers

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.

Fees precede transactions at some banks

NEW YORK, Aug. 4 (UPI) -- Some U.S. banks are charging overdraft fees before accounts are technically overdrawn, sources said.

Overdraft fees rising at some 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.

Overdraft ruling hits British banks

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.
Your Daily Horoscope
The almanac
1 of 29
Youngsters compete in Scripps National Spelling Bee
View Caption
Contestants (L-R) Cooper Barth of West Long Branch, New Jersey, Eboseremhen Eigbe of Galloway, New Jersey, Jacob Bayly Hunter of Sante Fe, New Mexico and Massound Sharif of Albany, New York, all await their turns to compete during the 3rd round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. UPI/Mike Theiler