Bank Overdraft Fees: Another Example of Gotcha Capitalism

Overdraft fees charged by banks in the U.S. is another example of Gotcha Capitalism, a term coined by MSNBC’s Bob Sullivan who also wrote a book by the same name. The book shows how big businesses rip off billions of dollars from U.S. consumers in the form of hidden fees. Overdraft fees is an example …

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Five U.S. Banks With High Levels of Service Charge Income

As the Federal Reserve plans to implement new rules to regulate  banks’ service charges, an article titled TCF Risks Backdraft on Overdraft Fees today in the Journal mentioned five banks that have had high levels of service charges as a percentage of noninterest income. In this post, lets take a look some of the fees …

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