Bank Fees Creeping Up Again, Report Says

Remember when we heard all those stories about bank customers whose accounts were overdrawn by as little as $5, yet they were charged up to $35 in fees for each transaction made when accounts were empty? Bank fees are back in the news. After two years of holding roughly steady, it turns out that bank charges for overdrafts are starting to creep up again, according to a report released Thursday. The Consumer Federation of America examined the fees and practices of …

Smackdown: Consumers vs. Banks

Want to see people hopping mad? Then tell them, in the midst of a horrible economy, that you’re going to charge them a fee for something previously free. It’s Bank of America’s turn in the hot seat. A month or so ago it was Wells-Fargo, which floated the idea of merely testing additional ATM fees. We put a link to that story on our AARP Facebook page and asked our members if a fee would make them change banks. The …