Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook

'Serpent Pastor' Dies of Snake Bite Mack Wolford believed faith compelled him to face the risk »

Dems Slam Bank Overdraft Fees

Banks are set to make $38.5 billion on overdraft fees this year

By Mat Probasco, Newser Staff

Posted Sep 21, 2009 2:34 AM CDT

(Newser) – Washington Democrats are using words like "criminal" and "rip-off" in a round of complaints about banking overdraft fees, reports the Washington Post. US banks are poised to rake in some $38.5 billion from overdraft fees this year, usually without a warning to... Read full story »

COMMENTS

Read the comment policy

You need to Log in to Newser to comment. Don't have an account yet? Sign up now!

22 comments

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

What's Popular Now on Facebook

'Serpent Pastor' Dies of Snake Bite

Miami Face-Eater Identified

Washington Post (Source Grid »)

Politics • Money

Chris Dodd • banks • overdraft fee

More Newser Stories

As Greeks Pull Money From Banks, Burglars Move In

Police see spike in home robberies

(NEWSER) - See those stories about panicked residents of Greece pulling their money out of banks ? Yeah, criminals did, too, and now police are warning people about a wave of break-ins and home invasions, reports Reuters . In fact, police broke up two crime networks from the former Soviet republic of Georgia suspected in 300 Greek burglaries in recent months. More»

More Americans Drop Citizenship Over Taxes

IRS rules onerous, expatriates say

(NEWSER) - It's April again: time to add up receipts, find little-known tax breaks , and, in some cases, renounce US citizenship altogether. In fact, a record number of Americans abroad renounced their citizenship last year as complaints increased about IRS rules, Reuters reports. One rule forces all Americans to file forms for foreign accounts containing at least $10,000. Another, newer rule stipulates that financial institutions must cough up information on US clients to the IRS. More»

Reid Delays Anti-Piracy Vote

As Republicans solidify PIPA opposition

(NEWSER) - Harry Reid has postponed Tuesday's test vote on the Senate's anti-piracy bill, after a storm of online protests convinced several of the bill's co-sponsors to switch sides, the AP reports. Democrats have now emerged as the main backers of the PROTECT IP Act, the Wall Street Journal reports; at least 14 Republican senators came out against the bill following the protest, compared to seven Democrats, and Mitch McConnell had called on Reid to postpone the vote. More»

Bank Failures Far From Over

Failures down in 2011, but weak banks are taking longer to recover or die

(NEWSER) - Bank failures were down significantly in 2011, but that doesn't mean banks are getting healthier—it just means sick ones are taking longer to die, the Wall Street Journal finds. Some 92 banks failed last year, down from 157 in 2010. But many of 2011's casualties were in weaker shape than the banks that failed in 2010. There are still 844 banks on regulators' problem-bank list, and analysts expect many more undercapitalized banks to fail over the next two years. More»

To Get New Credit Card: Pay Off Expired Debt?

Feds have fined debt collector for deceptive practices

(NEWSER) - Americans burdened with old debt and low credit ratings are getting an unlikely offer in the mail: a new credit card. But the fine print explains that accepting the card means reviving debts that had expired by law, the Wall Street Journal reports. For one New York deli owner, the debt transfer was "totally worth it" because he felt "like dirt" without a credit card, particularly on dates. To get his new plastic, he paid $400 on a seven-year-old debt that, yes, was expired. Others say the practice is deceptive and illegal. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

Dems Slam Bank Overdraft Fees

Banks are set to make $38.5 billion on overdraft fees this year

Chris Dodd • banks • overdraft fee

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

As Greeks Pull Money From Banks, Burglars Move In

Police see spike in home robberies

More Americans Drop Citizenship Over Taxes

IRS rules onerous, expatriates say

Reid Delays Anti-Piracy Vote

As Republicans solidify PIPA opposition

Bank Failures Far From Over

Failures down in 2011, but weak banks are taking longer to recover or die

To Get New Credit Card: Pay Off Expired Debt?

Feds have fined debt collector for deceptive practices

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?