Fed Bans Debit Overdraft Fees

American VoicesEconomymoneybusiness ISSUE 45•52 Nov 17, 2009

The Federal Reserve is prohibiting banks from collecting overdraft fees on purchases paid with a debit card unless customers opt in to programs that guarantee their balance-exceeding transactions go through. What do you think?

  • “Well, okay. So long as I still get penalized for using my credit cards."”

    Marc Mercer –
    Tour Bus Driver

  • “I usually send them a few bucks when I go over, anyway, just for their trouble."”

    Kelly Jolicouer –
    Commercial Construction Estimator

  • “I guess banks will just have to make money the old-fashioned way: selling bad mortgages and causing a global financial collapse."”

    Ray Mason –

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