Bank Overdraft Fees

This July, new regulations will go into effect that will reduce the ways in which consumers fall prey to rising bank overdraft charges. It is interesting to read the reaction to these changes. Many talk about the responsibility of the consumer to better manage their finances. However, I still think there is something wrong when someone can opt out of overdraft protection and still be charged an insufficient fee fund fee.

A good read on this subject is a blog by Bob Sullivan. Not only is his article interesting but the comments are illuminating.

Check it out at http://redtape.msnbc.com/2010/01/new-overdraft-rules-worst-of-both-worlds.html