Feds go after bank fee 'profiteering'
(NEWSER) - Say goodbye to the $35 Frappuccino. As of yesterday, if you don't choose to opt-in for overdraft protection, your bank can't saddle you with a hefty fee on the Starbucks beverage you don't actually have enough money in your account for. A new overdraft protection law has come into effect, and—as those whose banks have recently barraged them with calls and letters encouraging them to stay in overdraft programs may have noticed—banks are eager to get as many customers as possible to opt in, as overdraft fees are a major source of revenues. More»
