The Fed bans overdraft fees on ATM and debit-card transactions

Nov. 12, 2009

The rule, to take effect July 1, requires banks to get customers' OK for the fees, which have been a growing source of profit for banks. Those who decline will see transactions rejected. Flexing newfound muscle as consumer protector, the Federal Reserve today banned overdraft fees on automated...

Fed changes overdraft rules

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.

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.

Report: Banks coy on fee schedules

WASHINGTON, March 2 (UPI) -- Many U.S. banks ignore federal regulations requiring that customers get information about fees and interest rates on their accounts, a federal report says.

Study: Debit card usage up

NEW YORK, Jan. 26 (UPI) -- U.S. consumers are using debit cards for financial transactions four times more frequently than they did nine years ago, according to MarketResearch.com.

Wal-Mart to limit debit card use

NEW YORK, Dec. 3 (UPI) -- Wal-Mart Wednesday prepared a new credit card formula, becoming the first retailer to play off Visa against MasterCard.

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Snigdha Nandipati of San Diego wins Finals of the Scripps National Spelling Bee

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Snigdha Nandipati of San Diego, California watches confetti rain down as she wins the two-day Scripps National Spelling Bee championship, May 31, 2012, in National Harbor, Maryland. Nandipati successfully spelled the word .* guetapens *, meaning to lure or ambush. UPI/Mike Theiler

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