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Banks and their outrageous overdraft fees.

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Uploaded by on Oct 12, 2009

Charging people disproportionate overdraft fees means huge profits for the nation's largest banks. But in this weakened economy, the banks may see the writing on the wall. A few changes in their fee rates have just been announced. Consumer Watchdog's Harvey Rosenfield discusses the injustice of the current system.

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  • Royal Bank of Canada charged me $80 for a 40 cent overdraft.

  • This is nothing more than highway robbery.

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