Consumer Groups Call on the Office of Comptroller of the Currency to End Abusive Overdraft Practices

Publish Date: 
October 19, 2010
| Filed under: 

The nation's largest banks charge customers overdraft fees averaging $35 per transaction, often adding up to hundreds of dollars per day. The most common triggers of overdraft fees are small debit card transactions-which cost the consumer nothing when they are simply denied due to lack of funds. Consumer groups call on the Office of Comptroller of the Currency to end abusive overdraft practices.