Wells Fargo is a multiple offender. Therefore, it came as no surprise to anyone that they lost their court challenge against having to pay a fine for excessive overdraft fees they imposed on their customers. A California judge determined that they have to pay back $203 million in what the judge determined was a tricky […]

Everyone might not see it this way, but I think this is a pleasant surprise. Bank of America has taken the proactive step of saying that they’re eliminating overdraft fees on debit card purchases. Well, that’s kind of a misnomer, but it works for the moment. What they’re going to do if you use your […]

With the new credit card legislation came another new provision that effectively takes a lot of non-voluntary money away from banks. Overdraft fees were a big thing for banks. At some point, they started charging fees to people while still paying bills if you happened to go over your limit. The same goes for credit […]