TITLE

As B of A Nixes Debit Overdraft Rivals Stick to Opt-In Approach

AUTHOR(S)
Lepro, Sara
PUB. DATE
March 2010
SOURCE
American Banker;3/11/2010, Vol. 175 Issue 38, p11
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article discusses how Bank of America Corp.'s plan to block debit card purchases that would overdraw accounts is customer-friendly and will help to restore consumer confidence in banks. U.S. Treasury Secretary Timothy Geithner hopes that other banks will follow Bank of America's lead.
ACCESSION #
48603758

 

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