Thursday, July 14, 2011

New Overdraft Regulations go Into Effect Soon

Banks are making sure their customers know of the opt-in rules that the Federal Reserve Board has instituted for overdraft fees. By now you’ve probably received a letter in the mail or an e-mail in your inbox from your banking institution alerting you to the changes going on in the financial world. New Federal guidelines go into affect July 1st regarding the way banks charge for overdraft fees on checking accounts.
Consumers who overdrew their accounts before were facing an initial fee

Read more ...

No comments:

Post a Comment