TITLE

Survey: 26% Of Consumers Plan To Opt In For Overdraft Protection Fees

AUTHOR(S)
Fitzgerald, Kate
PUB. DATE
August 2010
SOURCE
CardLine;8/6/2010, Vol. 10 Issue 31, p28
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the findings of a survey on bank customers by National Foundation for Credit Counseling (NFCC), a nonprofit credit-counseling organization based in Silver Spring, Maryland. The survey shows that nearly 26% of 2,089 customers surveyed, plans to pay for automated teller machines (ATM) and debit card overdraft protection under a new rule to be implemented from August 2010. NFCC spokesperson Gail Cunningham states that the overdraft can result in significant financial damage.
ACCESSION #
52939295

 

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