Cheque

Government gives prepaid debit cards for benefits, consumers get slapped with fees

More than 40 state governments now have contracts with banks to give unemployment benefits on pre-paid debit cards. Banks are cashing in on the game with fees.

Deceptive Average Daily Balance-Based Fees

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Listener responses: Bank of America’s new charges

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Bank of America to charge debit card users

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DIY bailout: how to trick yourself to save money

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Takeouts: Bank of America’s PR gambit, college basketball’s Big East tournament

FINANCIAL TAKEOUT: Bank of America offered an unexpected olive branch to its millions of debit card users when they announced a plan to do away with all debit card overdraft fees. But is this public relations gambit enough to improve the bank’s public image? We talk with Louise Story, finance reporter for our partner The […]

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In face of scrutiny, banks find new ways to keep old fees

Buyer beware: your bank may be trying to protect its revenue stream in the face of increased government scrutiny by adding unnecessary fees to financial instruments like your debit card.

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So sue me

Don Merrill, of Salt Lake City, Utah, was frustrated with just one small aspect of his credit card company?they wouldn’t stop sending those convenience checks in the mail. But after a year of trying, he found a way to make them.