US banks stand to collect a record $38.5bn in fees for customer overdrafts this year, with the bulk of the revenue coming from the most financially stretched consumers amid the deepest recession since the 1930s, according to research. The fees are nearly double those reported in 2000.

How can we stop this madness?

/// Posted Aug 10 2009 @ 3:12 am
 // Filed under: regular
  / Tags: banks, economy, recession
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