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Signs That The New Overdraft Regulation Won't Cause Major Changes

Friday, September 17, 2010 - 5:12 AM
There were worries that the new overdraft regulation that just took effect was going to cause a major decline of fee revenue for the banks which would lead to lower rates and more fees for us savers. This article at CUNA reported on a study which indicates that it might not be that bad. Here's an interesting excerpt:
About 90% of overdraft revenue comes from frequent users, those with 10 or more overdrafts a year. Frequent users almost all opted in for overdraft coverage.

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Ken TuminKen Tumin5,469 posts since
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1. Friday, September 17, 2010 - 9:55 PM
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