overdraft

Usually it’s a crisis that gets a couple to enter the money talk: You open up a credit card bill and notice that the card is maxed out.

You get an overdraft notice from the bank. A debt collector calls. And then instead of a discussion you get what?

An explosion? Nuclear war?

Banks stand to lose billions because of new overdraft laws meant to protect consumers, so the industry is mounting an aggressive campaign.

U.S. Bank is the latest financial institution to back off on the penalties customers face for overdrafting their accounts.

U.S. Bank on Thursday became the latest financial institution to back off on the penalties customers face for overdrafting their accounts.