June 2007
Black Enterprise;Jun2007, Vol. 37 Issue 11, p263
The article reports that banks in the U.S. now provide debit card overdraft coverage without their customers' knowledge or consent. This is according to a study by the Center for Responsible Lending. The study also found that banks charge triple- and quadruple-digit interest rates on debit card overdraft. Tips on how to avoid incurring overdraft interest charges are presented.


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