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The Federal Reserve on Thursday announced final rules that prohibit banks from automatically charging overdraft fees on ATM and debit card transactions. Before a fee can be charged, customers must...
Congress is now turning its attention to the enormous $27 billion bank overdraft market and is considering legislation to alert customers when they are about to overdraw an account. Banks are...
This is a good article on the issue of overdraft fees and legislation to force banks to take steps that will help consumers avoid overdraft fees. Some disturbing stats mentioned in the article:...
Trading credit for debit is an effective way to manage tight finances during the recession. But don’t cut up your old card just yet. There are still times when a credit card is the superior choice.