(Reuters) - The overdraft fees are a lucrative source of income for
financial institutions and House Democrats have introduced
legislation that would require them to first inform consumers
before assessing the fees.
Overdraft fees cost Americans $17.5 billion last year, up
from $10.3 billion in 2005, the Center for Responsible Lending
told a House Financial Services subcommittee hearing.
Read more at Reuters.com Government Filings News
financial institutions and House Democrats have introduced
legislation that would require them to first inform consumers
before assessing the fees.
Overdraft fees cost Americans $17.5 billion last year, up
from $10.3 billion in 2005, the Center for Responsible Lending
told a House Financial Services subcommittee hearing.
Read more at Reuters.com Government Filings News
No comments:
Post a Comment