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US Bank also plans to ease overdraft penalties

Sep. 24, 2009
U.S. Bank on Thursday became the latest financial institution to back off on the penalties customers face for overdrafting their accounts. The bank's Minneapolis-based parent, U.S. Bancorp, said it will change checking account overdraft policies effective in...
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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.

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.
Court: Bank of America can keep fees

Court: Bank of America can keep fees

LOS ANGELES, June 2 (UPI) -- The California Supreme Court has sided with Bank of America Corp., saying it can charge overdraft fees on accounts that include Social Security deposits.

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

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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
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Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler