Thursday, November 12, 2009


There has been some movement on the overdraft legislation front. Bowing from pressure from consumer groups and Congress, the federal reserve announced yesterday that a new rule will go into effect July 1 2010 that limits banks from charging overdraft fees to those customers who approve them to do so. A story (below) in the Huffington Post follows up with more detail.

Call your Congressman and tell them how you support this upcoming rule!It might make them further understand what is really going on!