Debit Cards, Banks and You the Consumer

As the economy struggles to climb out of a recession, banks are extending some of their most profitable — and controversial — credit card practices to checking accounts.

For example, banks are making it easier and more punitive for consumers to spend more than they have in their checking accounts, just as they allow consumers to spend past their card limits and charge them a steep fee for doing so. Some analysts believe that new credit card restrictions will only accelerate fee increases on bank accounts. Watch as Maurice Carver - Host BMSTV and Guest Lorie Jones discuss the issues around Debit Cards and Banks

http://www.usatoday.com/money/industries/banking/2009-05-27-checks-fees-banks...

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[bmstv]

The people that can least afford these fees are being charged them. If people don't speak out it will remain this way.

[SkvobYg]

zopa

[deatha44]

What's ironic is that the banks rely on the working poor to struggle in order to secure these fees. Their revenue is based on the struglle of the lower to middle class.

People are scared of the guy in the alley robbing them while the banks are stealing from them legally. Good information.

[rdawta]

true, i now understand why ppl rob banks!!