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Archive Home > 2009 > November > 13 > Fed tightens rules on overdraft fees

Fed tightens rules on overdraft fees


November 13, 2009

WASHINGTON — Banks will have to secure their customers’ consent before charging large overdraft fees on ATM and debit card transactions, according to a new rule announced Thursday by the Federal Reserve.

The rule responds to complaints from consumer groups, members of Congress and other....

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