TITLE

High-To-Low Overdraft Charging Now In Danger At Community Banks, Too

AUTHOR(S)
Davidson, Kate
PUB. DATE
October 2010
SOURCE
CardLine;10/1/2010, Vol. 10 Issue 41, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the possible impact of the Wells Fargo & Co. case decision to the overdraft method of community banks in the U.S. in 2010. It states that recent lawsuits could halt community banks in at least two states from intentionaly processing the biggest transactions firts after a judge in California ruled against Wells. According to Jefferson Harralson, a KBW Inc. analst, the case could raise the high-to-low service charges issue and its benefit or negative effect on consumers.
ACCESSION #
54291197

 

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