November 16, 2009
Jumping ahead of proposed federal legislation, TCF Bank is attempting to curb its own overdraft fees, starting early next year.
Under the current system, customers can get hammered with multiple overdraft fees in the same day once their balance drops below zero. If a customer is unaware their balance is in the red, they could rack [...]
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March 23, 2009
“In America, we don’t say ‘buyer beware’ when people are buying prescription drugs or when they’re concerned about lead paint in toys,” says Majority Whip Dick Durbin (D-Ill.), a cosponsor of a bill that would create a Financial Product Safety Commission, which would oversee mortgages, credit cards, and other financial instruments.
When it comes to financial [...]
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