Skip to main content

Reigning in bank overdraft fees

The Huffington Post - The era of the $35 cup of coffee has come to an end, for most.

Unless a consumer chooses to opt-in for overdraft protection, their ATM and debit purchases will be declined if an account has insufficient funds. Prior to Sunday, banks could automatically enroll their customers in the service, which covers the point-of-sale transaction but can result in steep penalties. Shoppers at the counter might turn red with embarrassment when their purchase is refused, but the alternative is for their account to go further into the red -- with fees up to $35 for each swipe of the card. Read more.

Comments

Popular posts from this blog

The Injustice of This Moment Is Not an ‘Aberration’

Our nation’s prison and jail population had quintupled in 30 years, leaving us with the highest incarceration rate in the world. A third of black men had felony records — due in large part to a racially biased, brutal drug war — and were relegated to a permanent second-class status. Tens of millions of people in the United States had been stripped of basic civil and human rights, including the right to vote, the right to serve on juries and the right to be free of legal discrimination in employment, housing, education and basic public benefits.  Read more.

How the CIA used modern art as political propaganda

The CIA chose to headquarter the Congress for Cultural Freedom in Paris, because that city had long been the capital of European cultural life, and the CCF’s main goal was to convince European intellectuals, who might otherwise be swayed by Soviet propaganda, which suggested that the U.S. was home only to capitalist philistines, that in fact the opposite was true: with Europe weakened by war, it was now the United States that would protect and nurture the western cultural tradition, in the face of Soviet dogma.  Read more.