Possible Cuts In Bank Fees

credit cardsCredit card companies have competed for your business by offering a generous array of free perks, including price protection coverage and extended warranties on products. But some issuers are scaling back or dropping these credit card benefits ... A bill was introduced by Senators Cory Booker and Sherrod Brown to significantly curtail the overdraft income banks can earn. The Stop Overdraft Profiteering Act of 2018 would ban overdraft fees on debit card transactions and ATM withdrawals, limit fees placed for checks and recurring payments, and control banks' transaction posting rules.

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