The Fed bans overdraft fees on ATM and debit-card transactio

Fed: banks need customer consent on overdraft fees
The Federal Reserve has issued a new rule that will prohibit banks from charging overdraft fees on ATM and debit card transactions unless a customer allows it.

New Rules Would Restrict Overdraft Fees on Debit Cards
The Federal Reserve will prohibit issuers of debit cards from charging overdraft fees in many instances without the cardholder’s permission.

2 banks change rules on overdraft fees (in a good way)
Here's a small victory for consumers:Bank of America and JPMorgan Chase are planning to overhaul their debit card programs, changing the way they credit transactions and allowing customers to...

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