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October 27, 2009 | alternatives, federal legislation, industry | Comments (0)The Payday Pundit has URL envy. A story on overdraft protection up at Mainstreet.com:
While Washington has been whispering for weeks about new bank consumer protection
rules, up until now nobody has put any numbers or specifics on the table. The Dodd bill does so by pinning down banks on the number of times overdraft fees can be levied as well as taking dead aim at the size of the overdraft fees.
Congress isn’t happy with banks these days. Many financial institutions were bailed out by taxpayers, only to turn around and raise consumer overdraft fees — or, as the banks called them, overdraft protection
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