Monday Oct 19, 2009
Five Senate Democrats have introduced legislation that would limit the fees bank can charge customers. Customers would have to opt in to overdraft protection, and banks would face limits on how much and how often they can charge customers.
Friday Oct 16, 2009
Banks offer interest on your deposits, and maintain your hard-earned money. But banks can make mistakes, leaving you the loser in the bargain. Here's what to watch out for to avoid such a fate.
Tuesday Sep 15, 2009
Consumers are getting smarter about overdraft fees by tracking their balances more carefully, according to a recent survey.
Friday Aug 7, 2009
As a result of the financial crisis and a weak economy, financial institutions have merged at a frenetic pace. Survival in a post-merger world is difficult, but with the right plan you can be successful.
Saturday Jul 4, 2009
Here are ten bank fees that can eat away at your savings.
Tuesday Apr 14, 2009
Bank of America's previously announced fee hike for overdrafts has been suspended. Citing the rising unemployments, the bank is keeping the overdraft fee at $35.
Monday Apr 13, 2009
Checking account fraud is a plausible threat for any consumer with a checking account. Don't fall victim to any of the oldest tricks in the (check)book! Learn how to keep your checking info safe from thieves.
Thursday Apr 9, 2009
ATM fees are not necessarily as pesky and unfair as they are made out to be. But they are pricey.
Thursday Mar 26, 2009
As the scrutiny of nation-wide financial institutions continues, consumers take the opportunity to put banks on the stand for their egregious overdraft fees.
Tuesday Mar 24, 2009
Consumers seize the opportunity to voice widespread disdain for exorbitant overdraft fees to the Federal Reserve.
| Type | Today | Week Ago |
|---|---|---|
| 15 Year Fixed | 4.62%  |
4.67% |
| 30 Year Fixed | 5.15% | 5.15% |
| 1 Year ARM | 3.48% |
3.51% |
| 5/1 Year ARM | 3.62% |
3.68% |
| Type | Today | Week Ago |
|---|---|---|
| Line of Credit | 4.89%  |
4.88% |
| 10 Year Loan | 7.47% | 7.47% |
| 15 Year Loan | 7.61% |
7.60% |
| Type | Today | Week Ago |
|---|---|---|
| Interest Checking | 0.28% | 0.28% |
| Money Market/Savings | 0.38% | 0.38% |
| 12 Month CD | 1.13%  |
1.15% |
| 60 Month IRA CD | 2.40% |
2.41% |
| Type | Today | Week Ago |
|---|---|---|
| Cash Back Cards | 12.66% |
12.68% |
| No Annual Fee Cards | 12.08% |
11.97% |
| Reward Cards | 12.75% |
12.61% |
| Small Business Cards | 11.01% |
10.94% |
| Student Cards | 13.77% |
13.49% |
| Platinum Cards | 12.26% |
12.11% |
Yes there is a kind of legalized robbery in the banks, in fact banks are making billions from overdraft fees just in times when credit business is down. This is my story: may bank (Bofa) charged me 11 overdraft fees after a weekend because they reordered transactions from the highest to the lowest, not based on date of transaction. I complained with no good response so I closed the account. But there was a negative balance left in my account so the bank had the chance to go after me and do a collection procedure. I went to complain before the Office of the Comptroller of the Currency(http://www.occ.treas.gov/), a Treasury Department entity that overseas national banks. A month after that I got a letter from the bank saying my negative balance was resolved as a courtesy from the bank( thank you very much for stealing my money for over a year). Well. the lesson here: we have to complain every time we feel there is no fair treatment. Banks have horrible policies against their customers. And now when people are struggling to have ends meet, when an overdraft is charged is like taking out the bread from your kitchen table.