Tag Archive

Banks Have Found Ways Around CARD Act

By debtgazette

Back when the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act was signed, many heralded it as a big win for consumers. Finally someone was doing something to look out for the best interests of the consumers. Now that a little time has passed and the effects of that legislation can be looked it,... »

Banks Make $38 Billion in Overdraft Fees

By debtgazette

I came across an interesting article on Financial Times website that talks about the insane amount of money that banks are making on overdraft fees. In the article “Banks Make $38bn from Overdraft Fees”, the total amount made by the banks is staggering. That $38 billion that their clearing on overdraft fees has to be... »