Gavel to Gavel: Current climate and trends for bank overdraft fees
“Opt-in or opt-out?” That is the question all banks should ask customers regarding overdraft services
Source: journalrecord.com
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Schumer snubs Maloney in rare primary between sitting Democrats
Rep. Carolyn Maloney has emerged as a champion of overdraft reform in the House but faces a challenging primary against fellow Democratic Rep. Jerry Nadler next Tuesday.
Source: americanbanker.com
Bill to limit overdraft fees sent to House of Representatives
Congress is considering a bill to limit overdraft fees, and experts have mixed opinions on what it could mean for consumers.
Source: foxbusiness.com
PNC nixes fees for nonsufficient funds
The Pittsburgh-based company is no longer assessing NSF fees to customers whose accounts don't have enough money to cover certain transactions. It is the latest bank to revise portions of its overdraft policy amid a raging debate about the fairness of such charges.
Source: americanbanker.com