Page 5 - Overdraft Protection News Today

To just call with words and condemnation. coming up in the 7:00 hour, we talk more with ambassador susman and we really got a chance to talk to him about the royal wedding, the hottest ticket in town and he has one. back to you guys. >> and you got a good look at it. thanks, kiran. well be back with kiran in a little bit. why are more americans not signing up for overdraft protection. >> why? i dont know. maybe because they would rather be rejected. >> well check it out after this. >> coffee get...

Airplane, eat or live in your house -- >> then inflation is not a problem. >> hell be asked about inflation im sure. >> when we were covering this, started covering this international markets didnt respond. so when you have this thing at noon or 4:00 in the afternoon, someone will respond to it. >> pesky overdraft fees continue to be a cash cow for the banks. according to a new study americans will spend an estimated $38.5 billion in overdraft fees this year. thats despite new rules requiring th...

You can do internet specials. go to southwest airlines, american airlines, some of the companies, if you book online, you can get great deals. finally, you can do shorter vacations. instead of a seven day cruise, look at a three or four day cruise. you are less stressed and save money. >> all right. good tips this morning. appreciate it. thank you. >> thank you. i appreciate it. a major settlement is announced that could impact anyone that used a debit card. bank of america agreed to pay $410 ...

Settle a lawsuit over fees. the bank is accused of manipulating deb ed card transactions to boost the number of yoeb herb drafts. in turn the penalties paid by debit card use e. also accused of not telling customers they could opt off overdraft protection. one of the banks named in the lawsuit. kind of a mixed bag in new monthly jobs report. the unemployment rate is down but job growth slower than expected. only added 36,000 jobs most in the manufacturing sector. while the unemployment rate ac...

We are going to tell you about the new rules and break down whether or not you really need overdraft protection. >> of course, the a.m. fix blog is up and run and join the live conversation going on new. head to cnn.com/amfix. >> up first this hour, more than 200 million gallons of crude oil spill flood the gulf. where did it go? this morning we are getting answers. according to the university of south florida researchers they discovered it on the ocean floor well east of the spills site. >> the...

>> for those who might be concerned about this big money raised, the governor points out they are fund-raising guidelines strictly put in place why pr where they dont accept money from political action committees and federal lobbyists. >> dan lothian this morning, thanks. if you dont have enough money you may be hit with hefty overdraft fees. what you need to know if you want overdraft protection. 20 minutes after the hour.

Embarrassment at the checkout, keep track of your money, tony. now, you can still opt in for overdraft protection, but you must call your bank. though chances are, theyll probably find a way to let you know that you can opt in, because overdraft fees are big money-maker. just how big? well, banks charge $37 billion last year with the median overdraft fee, $26. so analysts are predicting that, you know, banks are to make up this money somewhere. could they be coming up with new fees, or could it ...

Time to check our top stories. in california, police are investigating a crash that killed eight spectators in an off-road race in san bernardino county. this was a truck barrelling into the crowd that was gathered along the course there. six people died at the scene. two others died later at the hospital. several more were injured. and veteran actress zsa zsa gabor is in bad shape. perfect publicist says shed is her husband to call a priest to her hospital bedside. the 93ier old hungarian bor...

New bank rule dpos into effect that could affect your wallet. they ban banks from automatically enrolling you in overdraft protection. americans racked up $37 billion in overdraft fees last year but under new rules banks need to get your permission up front before charge your account an overdraft fee for a wayward atm withdrawal or debit card purchase. well, many customers are choosing not to opt in. theyd rather risk having their cards declined than face the fee. the borough of new york is ca...

Customer when you went to open your account they would ask you are you opting in or out. so this is the thing. if you have not opted in when you go to the register, if you dont have the money you will be denied. >> how do you opt in? do you have to go in can you call? do it on-line? >> you can do any of the above. it depends on the banks. most are allowing you to sign up on-line or over the phone they would love for you to come in, they love when you go in and talk to them. do that if you really...