overdraft fees

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New rules proposed by the Fed for debit card transactions may mean consumers end up paying more to use their cards, while big retailers save billions. The rules would sharply limit the transaction fees sellers pay, so banks could recoup that money from buyers.

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.

At $32 a pop, the overdraft fees at the Heartland Cafe in Chicago kept adding up. During the past 18 months -- the tally had reached $118,000, or about 3,600 separate charges. That's about 200 overdraft charges per month. Co-owner Michael James says he finally realized about six months ago that...

If you have an unfortunate history of racking up overdraft fees and you live anywhere near a Huntington National Bank, you may want to open an account there. Last week, the bank, which has locations in Ohio, Indiana, Michigan, West Virginia, Kentucky and Pennsylvania, announced a new policy on...

If you feel like your bank really, really wants you to opt-in for overdraft protection, it isn't your imagination. The official date -- August 15 -- for opting in or out of overdraft fees has passed. Meaning, thanks to new regulations passed by the Federal Reserve, if you haven't agreed to allow...

Here's news from the business world and other money matters to watch out for Friday (last updated at 7:09 a.m. Eastern time): New 'Tech Titans' Emerge: Economic downturns typically breed innovation in the business world. Given the depth of the Great Recession, it's no surprise then that a whole...

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.

A federal judge in California ordered Wells Fargo to pay $203 million back to customers and to change its "unfair and deceptive business practices" that led customers to pay multiple overdraft fees. U.S. District Judge William Alsup said Wells Fargo engaged in profiteering by processing checks,...

Wells Fargo (WFC) was ordered to pay California customers $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...