Fair Banking news and trends

Legislation Would Ban Banks From Overdraft Fees On Debit, ATM Transactions

August 03, 2018
Overdraft Fees
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Legislation Would Ban Banks From Overdraft Fees On Debit, ATM Transactions

August 03, 2018
Sen. Cory Booker has proposed legislation that would prohibit financial institutions from charging overdraft fees on debit card transactions and ATM withdrawals. The bill would also restrict the frequency of these charges on check payments. “It’s been well-documented for many years that banks have used a variety of methods to push people into incurring overdraft […]