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The Fed says that banks need to get customer consent before imposing overdraft fees

November 12, 2009 – 1:25 pm – No Comment
The Fed says that banks need to get customer consent before imposing overdraft fees

After all the uproar that banks have started regarding overdraft fees for ATM and debit card transactions, the Federal Reserve has put a new rule in place that requires banks to get their customers’ consent before they are able to charge fees due to an …