MoneyWise :: More overdraft protections may be coming

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Released: August 22, 2010

More overdraft protections may be coming

Source: Kathy Kristof, Los Angeles Times (Free Registration)

Last week, Federal Reserve rules went into effect that barred banks from automatically charging existing account holders overdraft fees on ATM and debit card transactions.

But more consumer protections concerning overdrafts could be on the way.

The Federal Deposit Insurance Corp. has proposed guidelines that would result in sweeping changes to the standard way banks handle consumers who habitually overdraw their accounts.

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