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Fed Rules Would Restrict Overdraft Fees on Debit Cards – NYTimes.com

It is done.  And not one mention of Congresswoman Carolyn Maloney who has championed this change for many years.  Overdraft fees on debit cards are DEAD as of August 15th.

“The rules will take effect for new cards on July 1. For existing accounts, issuers will not be able to charge overdraft fees without the permission of the cardholder after Aug. 15.”

via Fed Rules Would Restrict Overdraft Fees on Debit Cards – NYTimes.com.

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