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Bank of America Pays $410 Million to Settle Overdraft Suit
Millions of customers hit with fees because of debit-card transaction may see partial refundsBy James R. Hood of ConsumerAffairsMay 26, 2011Bank of America will be putting $410 million into an escrow...
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Survey: Bank Customers Support Stronger Banking Regulation
Consumers favor making banks better disclose checking account termsBy Truman Lewis of ConsumerAffairsJuly 28, 2011Nearly three-fourths of Americans with checking accounts support regulations that would...
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Big Banks Still Charging Stiff Overdraft Fees
Fifth Third Bank charges highest rate, equalling 3,259% APRBy Truman Lewis of ConsumerAffairsAugust 4, 2011One year after the Federal Reserve required banks to get customers’ permission to charge...
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Free Checking Becoming Endangered Species
More banks adding fees, raising minimum balance requirementsBy Mark Huffman of ConsumerAffairsSeptember 26, 2011Once upon a time, banks attracted customers with the promise of a free checking account....
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Understanding Bank Math Helps Avoid Overdraft Fees
Consumer claims one withdrawal results in two overdraft feesBy Mark Huffman of ConsumerAffairsNovember 14, 2011Bank customers often complain about bank overdraft fees, saying they don't understand why...
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It Pays To Carefully Read Your Bank Statements
Ask questions when there are fees and transactions you don't understandBy Mark Huffman of ConsumerAffairsFebruary 10, 2012Banks rely more on automation to save money these days, but when machines begin...
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Consumer Finance Bureau Launches Overdraft Inquiry
Agency looking at a prototype "penalty fee box" on checking account statementsBy James R. Hood of ConsumerAffairsFebruary 22, 2012The Consumer Financial Protection Bureau (CFPB) is launching an inquiry...
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Bank of America Eyes New Fees
It's those darned consumers again -- using too many services, not paying enoughBy James R. Hood of ConsumerAffairsMarch 1, 2012Bank of America learned a bitter lesson last year when it tried to impose...
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Are You Getting Interest On Your Checking Account?
Some banks and credit unions offer very attractive rates if you can meet certain requirementsBy Mark Huffman of ConsumerAffairsMay 23, 2012Certificates of deposit (CDs) pay very little interest. A...
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Pew Study Finds Checking Accounts 'Risky'
Fees are rising and so are the number of disclosure pagesBy Mark Huffman of ConsumerAffairsJune 8, 2012Consumer banking seems to be a lot more complicated than it once was. Now, checking account...
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Bank Fees Rise in First Half of 2012
The bigger the bank, the greater the increaseBy Mark Huffman of ConsumerAffairsAugust 14, 2012In the last few years Congress has passed new consumer protections for bank customers, but that hasn't...
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Free Checking Declines While ATM Fees Rise
Many consumers feel a bigger bite from their bankBy Mark Huffman of ConsumerAffairsSeptember 24, 2012Bankrate.com's latest checking account survey may tell you all you need to know about the state of...
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Bank Fees Are Hard to Avoid, Especially for Lower-Income Consumers
Study confirms many families are unable to avoid rising bank fees and penaltiesBy James R. Hood of ConsumerAffairsOctober 16, 2012There's a lot of talk about cutting the banking fees paid by...
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In search of a free checking account
This quickly-vanishing commodity is increasingly hard to findBy Mark Huffman of ConsumerAffairsMarch 20, 2013Where to keep money for everyday purposes has become a greater issue for consumers in recent...
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Overdraft charges a minefield for consumers, government study finds
Banks' policies are complex and vary so widely that consumers have trouble navigating themBy Truman Lewis of ConsumerAffairsJune 11, 2013It's no secret that trying to predict overdraft charges is about...
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BillFloat offers consumers short-term loans to pay a bill
Upstart taking on big banks and payday lendersBy Mark Huffman of ConsumerAffairsSeptember 3, 2013What happens you you are presented with an unexpected expense or you run a little short because you've...
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Yes, you can avoid paying bank fees
But it requires some trade-offs and shopping aroundBy Mark Huffman of ConsumerAffairsSeptember 18, 2013Once upon a time you chose your bank mostly out of convenience. If it had a branch in your...
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How to shop for a bank
Choosing the wrong one will cost you moneyBy Mark Huffman of ConsumerAffairsOctober 25, 2013Dissatisfaction with banks has been growing in recent years. Part of it may be due to the growing emphasis on...
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How much do you spend on ATM fees?
Report finds California state benefit recipients spend about $19 millionBy Mark Huffman of ConsumerAffairsMarch 26, 2014If you look at your bank statement each month and wonder where the money went,...
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Report: Bank overdraft fees still hit some consumers
Just 8% of bank customers pay 75% of overdraft feesBy Mark Huffman of ConsumerAffairsAugust 5, 2014© chrisdorney - Fotolia.comFour years after implementation of a rule to protect consumers from...
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