Monthly Debit Fees Opposed By Most Americans

Rising banking fees are frustrating consumers, and many are committed to avoiding these fees by switching payment methods. Recent surveys compiled by Mintel Comperemedia shows that 56% of shoppers would stop using their debit card if their bank or other financial institution began charging $2 a month for it. Only 19% of respondents would pay […]

Debit Card Overdraft Programs in Effect, Opt-In Rate Only 22 Percent

Two months ago, new federal regulations went into effect demanding that banking institutions get permission directly from their customers before enrolling them in expensive debit card overdraft protection programs.  But on Tuesday, the Consumer Reports National Research Center reported that a recent poll revealed that only 22 percent of Americans have opted in for overdraft […]

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