Banks Make $38 Billion From Overdraft Fees
August 9th, 2009
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US banks stand to a record $38.5bn in fees for
overdrafts this year, with the bulk of the
coming from the most financially
amid the deepest recession since the 1930s,
to research. The fees are nearly double those
in 2000.
The finding is likely to public hostility towards the financial
which has been under political
to ease the burden on
by increasing credit availability and
more fairly after being bailed out by taxpayers.
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