TITLE

NEW STUDY SHOWS DEBIT CARD FEES ARE COSTING CONSUMERS

PUB. DATE
June 2007
SOURCE
Black Enterprise;Jun2007, Vol. 37 Issue 11, p263
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
25269553

 

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