Dollar Stretcher Guest Bloggers

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• ATM Withdrawals
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• Consumers Paid $32 Billion in Overdraft Fees in 2012

  by Bill Hardekopf Consumers are once again paying more in overdraft fees despite regulations designed to protect them from these charges. Last year, consumers paid $32 billion in overdraft fees, a $400 million jump from 2011 according to a recent study... Posted Apr 03 2013, 03:34 PM by PamH with | with no comments Filed under: Overdraft Protection, Overdraft Fees, Overdraft Opt In, Payday Lenders

• Consumers Can Be Hurt by Banks Increasing Transaction Speed

  by Bill Hardekopf BBVA Compass is notifying customers that it is "improving transaction speeds." ATM withdrawals and debit card purchases by signature or PIN will post immediately. Online bill payments, automatic debits and checks drawn from... Posted Jul 16 2012, 11:54 AM by PamH with | with 1 comment(s) Filed under: Overdraft Fees, ATM Withdrawals, Transaction Speeds, Insufficient Funds, Debit Card Purchases

• Overdraft Fees Under Scrutiny Once Again

  by Bill Hardekopf Yesterday, the Consumer Financial Protection Bureau formally announced that it will investigate the overdraft fees that banks charge on checking accounts. Overdraft fees are charged by banks when customers try to spend more money than... Posted Feb 24 2012, 08:03 AM by PamH with | with no comments Filed under: Overdraft Fees, Non-Sufficient Fund Fees, CFPB, FDIC, NSF

• Overdraft Fees on the Rise

  by Bill Hardekopf Overdraft fees are again taking a larger bite out of our pocketbooks. In July 2010, new regulations from the Federal Reserve required consumer consent for overdraft protection for ATM and debit card transactions. These overdraft regulations... Posted Dec 21 2011, 01:15 PM by PamH with | with no comments Filed under: Overdraft Protection, Overdraft Fees, Overdraft Revenue

• Some Banks Assess Checking Account Fees to Recover Lost Revenue

  by Bill Hardekopf Here is an easy New Year's resolution that may save you over $100 in 2011: pay attention to the notices and fine print from your bank. Fees are rising with many major banks, and there may be more you have to do to get or keep a free... Posted Jan 24 2011, 11:58 AM by PamH with | with 3 comment(s) Filed under: Overdraft Fees, Bank Fees, New Bank Fees, Checking Account Fees

• Poll Reveals that More Than One Quarter of Americans Will Opt In to Overdraft Protection

  courtesy of The National Foundation for Credit Counseling Silver Spring, MD ­- Recent legislation passed by Congress has changed how financial institutions will authorize and pay overdrafts associated with checking accounts. Although most overdrafts... Posted Aug 10 2010, 08:10 AM by PamH with | with 3 comment(s) Filed under: Overdraft Protection, Overdraft Rules, Overdraft Fees, Overdraft Opt In