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Pew study

Large Banks Not Following Best Overdraft Practices

Many of the largest U.S. banks are charging high, and often multiple, fees when customers incur overdrafts, according to research released today from The Pew Charitable Trust. In addition, more than two in five banks are rearranging transactions so that these overdraft fees are maximized. In Pew’s new reports, “Consumers Need Protection From Excessive Overdraft Costs”

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