Banks under fire for ‘criminal’ overdraft fees

Courtesy MSNBC.com: Business  Mon, 09/21/2009 - 03:20

Senator Christopher Dodd speaks to the media on Capitol Hill on Thursday.<br /><br />Dodd plans to introduce legislation requiring banks to get permission from customers, rather than allowing overdrafts automatically.A backlash is brewing against banks that charge large fees for overdrafts without telling customers, a sign that the financial crisis is shifting the balance of power from banks toward borrowers.


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