overdraft fees

How to Tell If It's Time to Switch Banks

The consumer advocates at the Center for Responsible Lending have released a checklist of tough questions people should ask their banks to make sure their needs are being met -- and and to ensure they aren't paying unnecessary fees.

Legal Briefing: Will Banks Have to Refund Overdraft Fees?

A judge ruled that Wells Fargo has to pay its customers restitution for processing checking-account transactions in a way that makes the most charges bounce and maximizes overdraft fees. Other banks have also been sued over this issue.

Wells Fargo Ordered to Pay $203 Million Restitution for Overdraft Fees

Wells Fargo (WFC) was ordered to pay customers in California $203 million in restitution for claims that it had manipulated transactions to boost the overdraft fees it could levy. United States District Judge William Alsup said that Wells Fargo processed the transactions in order of size, largest to smallest, rather than in the order they were received, The New York Times said.

As Some Banking Fees Fall, Others Will Rise

As new laws clamp down on some credit card and account fees, banks are likely to find other ways to offset the lost income. Among the possibilities: Hefty increases in annual credit card fees or an end to free checking.

Bank of America ends overdraft fees

It sounds incredible, especially to those of us who have been covering the banking industry, but Bank of America is ending the practice of issuing...

Overdraft anger? Call Congress

If you're fed up with overdraft fees, you're not alone. During a telephone press conference held earlier this afternoon, which I sat in on, Consumer...

Former Bank of America Employee Tells All in Video

Jackie Ramos, a former "customer advocate" from the collections department at Bank of America, posted a video on YouTube in which she offers an inside scoop on the practices of the bank. Ramos says that while her former employer encouraged her to "do the right thing for the customer," she soon came to realize that her job was actually to squeeze as much money as possible from the company's cardholders.

More banks dropping overdraft fees

The dam is breaking. Just a few days after Bank of America and Chase announced that they're revamping the way they charge for overdrafts, Wells...