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overdrafts

Overdraft Fees Are Up

March 20, 2012

Per Moabs, banks raised overdraft fees by an average of $2.50 per item last year. The increase is linked to guidance from the FDIC and OCC on overdrafts which in turn cost banks billions in fees. Moab believes the rise in overdraft fees will cost consumers who overdraw their accounts an additional $2 billion per […]

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