A Proposed Box to Highlight Overdraft Fees on Checking Statements - Ann Carrins, NYTimes.com: As part of an effort to educate consumers about overdraft fees, the new federal consumer watchdog agency is proposing a “fee penalty” box to be included on checking account statements.
Carrins writes: "Banks charge overdraft fees when customers spend more than is available in their checking account. The form is the latest in a series of 'plain language' financial disclosures proposed by the Consumer Financial Protection Bureau."
Friday, February 24, 2012
