Wisconsin Banking Update
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USA Today Takes Aim at Overdraft Protection
Posted on July 9th, 2009 No comments“Even as regulators crack down on abusive mortgage and credit card practices, another type of lending threatens to mire consumers in a credit trap,” writes the Oshkosh Northwestern, citing a USA Today analysis. Courtesy overdraft “has often become an important revenue driver for banks at the expense of the most vulnerable consumers,” the article says.