Fed Bans Debit Overdraft Fees

American Voices • Economy • money • business • 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 –
Unemployed

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