For hundreds of thousands of workers losing their jobs during the recession, there's a new twist to their financial pain: Even as they're collecting unemployment benefits, they're paying bank fees just to get access to their money.
Just when you thought the big banks had maxed out their chutzpah account, think again.
Repayment of the funds frees the Charlotte, N.C.-based bank from the government restrictions that have hampered its search for a new CEO, including executive pay limitations.
The Federal Reserve will stop banks from charging many overdraft fees as a wave of reform sweeps Washington.
If you do everything right and play by the rules, you may be asked to pony up between $29 and $99 a year.
When Peter Means returned to graduate school after a career as a civil servant, he turned to a debit card to help him spend his money more carefully.
Three-quarters of banks automatically enroll consumers in their "overdraft protection" programs without formal permission, and more than half of banks manipulate the order in which checks are cleared to trigger multiple overdraft fees, according to a Federal Deposit Insurance Cor …
Bounced check: $32. Stop-payment: $30. A.T.M. charge: as high as $3.
New federal regulations kick in to protect the consumer in July, 2010 but Congress - and now, President Barack Obama - want to see that happen faster.
Financial rape. Is there such a thing? Absolutely there is, and it's occurring every day in this country to millions of ordinary middle class and low-income people. Who are the financial rapists?
Most people need banks, but many cannot maintain the high minimum deposits required to avoid monthly charges.
Citizens Bank had sent the Tremblays their statements every month for the 10-12 years that they had an account there -- presumably all had the same $17.50 a month fee. This was a bank error.
Few Americans are immune to the offers of quick, cheap and easy credit that surround us these days. Indeed, when brand-new adults first arrive on their college campuses, they are often greeted by a bank or credit card company before their resident advisor.
Banks Gouging their customers with unneccesary fees? This can't be happening, all business' are honest and care about their customers don't they? Oh wait thats right this is America, the Land of the silver dollar(thats actually worth $.67).
When Rosanna Cobb wrote out a cheque, it left her building society account a mere 95p overdrawn. But it was to cost the 20-year-old English student a great deal more. Arriving home from university months later she found she had been charged almost £250 in overdraft fees.