Feeling Stiffed On Credit Card Fees, Banks Eye Debit Cards
… to credit cards, but lawmakers are now shifting their sights to debit cards. Last week, Sen. Christopher Dodd, D-Conn., said he plans to introduce legislation that would require customers to sign up for overdraft protection.”
In response to the proposed legislation which would mimic rules designed for the credit card legislation, some banks quickly moved to reform their over-draft policies for debit cards and bank accounts. For example, Bank of America customers will not be …
Tags: Bank of America Christopher Dodd Credit card Debit card Overdraft



