« previous   misc   next »

Banks can hide how they calculate overdraft fees, says court


By tvgnus   Follow   Wed, 26 Dec 2012, 3:49am PST   117 views   0 comments   Watch (1)   Share   Quote   Permalink   Like   Dislike  

http://www.centralvalleybusinesstimes.com/stories/001/?ID=22559

Are overdraft fees subject to state regulation? •  The revenue from overdraft fees is massive Federal law allows national banks to hide how they manipulate overdrafts to maximize the penalties they assess their customers, the 9th U.S. Circuit Court of Appeals says. Thus a state law prohibiting the practices has no sway.

Email (Required, will not be visible)

Username (Just pick a name if you're new)

Watch comments by email

home   top   share   link sharer   users   register   best of   about   questions or suggestions? write p@patrick.net