A good trend
July 30, 2008 | alternatives, industry, local issues, personal finance | Comments (0)Local news outlets are beginning to investigate bank fees. This story out of Houston is typical:
Investigative reporter Amy Davis shows you the hefty overdraft fees banks are charging consumers even when they’re not overdrawn.
“What they charged me for was for a check that had already cleared my bank,” Fisher told Davis.
One roll of the dice can make you a millionaire in the game of Monopoly. But mother Shelly Fisher lost big, not at the board game, but at her bank.
“I noticed that they charged me a $35 overdraft fee, but I had no negative balance,” said Fisher.
Shelly is her family’s money manager; but what a Bank of America employee told her might confuse even the most careful banker.
The Payday Pundit wonders why CBS Evening News isn’t reporting on bank fees.
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