Bill in Congress could limit overdraft fees

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  • Clarissa Layton, UT
    April 8, 2013 10:25 a.m.

    I just changed to a credit union to avoid some 'new' fees. I feel that most banks these days will use any excuse to take your money. Goodbye, Banks. Hello, Credit Unions!

  • high school fan Huntington, UT
    March 29, 2013 7:05 a.m.

    Once again the government does not want people to be responsible for their own actions. No one forces a person to be over drafted but the person themselves, no one else is writing the check. Is this really what the federal government should be worrying about or are there more important issues out there?

  • LVIS Salt Lake City, UT
    March 28, 2013 8:04 a.m.

    "...sneaky methods that seem to have come up in order to allow one overdraft to result in hundreds and thousands in fees."

    Can you name one 'sneaky' method? Or, is this just an emotional rant that can't be backed up with any hard data?

  • DVD Taylorsville, 00
    March 27, 2013 1:46 p.m.

    The way the bill is presented here, it appears to reward the careless. I haven't read the bill to see if the presentation here is completely accurate, but it does need to allow for effective reasons to not overdraw.

    At the same time, there needs to be a limit to the insanity and sneaky methods that seem to have come up in order to allow one overdraft to result in hundreds and thousands in fees. Those in charge of the banks aren't clean either, from the other side of the stories that have arisen over the years.

  • lost in DC West Jordan, UT
    March 27, 2013 12:40 p.m.

    one per month and six per year - so if I overdraw my account on the first, I can pay the $35 fee, then overdraw as much as I want for the rest of the month and get free use of the other depositors' money? COOL! after all, the maney belongs to the pother depositors, not the bank.

    and think, if I do that each month through June, I can do it for free the second half of the year? WAY COOL!!

  • bikeboy Boise, ID
    March 27, 2013 10:56 a.m.

    Over the years, I've discovered a novel way to prevent overdraft fees - I don't overdraw my account!

    If I understand correctly, even if a person writes 100 overdraft checks per year, (s)he wouldn't be charged more than six times? Wow! That means individuals can start spending money they don't have, just like Congress!! (But I digress...)