Posts Tagged ‘ overdraft feed ’

And you thought your bank made money by loaning money

November 21, 2009
By Billy Dennis

The Daily Kos has a good summary and explanation of a local TV consumer report on how banks manipulate the timing of deposits and withdrawals in order to generate overdraft fees. Stuff like this is why I am not a full-blown, drank-the-Kool-Aid libertarian. Obviously, the ordinary consumer needs protection from this sort of nonsense. It...
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Posted in Politics | 12 Comments »