Saturday, June 9, 2012

Big Bank Overdraft Fees on the Increase

Overdraft fees at the nation’s 14 largest banks have increased after two years of stagnation, according to the Consumer Federation of America...Starting in late June, Fifth Third Bank will charge $37 per overdraft after a $25 fee is assessed for an initial overdraft transaction. This replaces the bank’s current policy of charging a $33 fee for the second, third, and fourth overdrafts in a 12 month period. .Big Bank Overdraft Fees on the Increase:
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The Statutory Lien and How to Use It.

Have you ever had a member who refused to make payments on a loan? Well, a federal credit union can use a statutory lien to claim a member...