Get Ready For New Bank Fees

Banks have been the focus of criticism since the end of the Bush Administration, when a few institutions received bailouts from you and me. The US government provided more than $700 billion to help stabilize banks, and many have since recovered -- that bailout worked - but rather than adopt favorable lending policies toward the taxpayers who bailed them out, they've gone in a different direction. That's also because the government capped a few of the banks' favorite cash cows, including overdraft fees and merchant debit transactions. Recently, consumer anger reached a fevered pitch, culminating on Bank Transfer Day, during which millions of dollars were transferred from for-profit banks to non-profit credit unions. Now there are actually a number of new fees that consumers have to contend with, which seems to beg the question - are banks that greedy, or do they function like traditional businesses?

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