Fed studying overdraft protection
July 10, 2009 | alternatives, industry | Comments (0)From the story:
Leaving the decision to consumers on overdraft protection, may be a welcome benefit to bank customers. But to make the right decision, those same consumers need to know how overdraft protection works, how big fees are triggered, and what they can do to minimize overdraft fees if they decide to opt in on such plans.
Consumer awareness is the key, not rate or free caps.
Comments»
No comments yet.