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CNN reported this morning on how the banks have been increasingly out of control when it comes to these fees.  It is one thing to charge people for overspending on their debit cards at a point-of-purchase transaction; but banks had even begun to let customers unknowingly overdraft in their ATM transactions, rather than informing them they had insufficient funds.

Around this time last year I wrote about how debilitating these fines can be when you’re just trying to make ends meet. (Read Customer Dissatisfaction with BBVA Compass Bank).  Naturally, a bunch of bankers and other privileged individuals freaked out and bashed the poor in the comments section.  I can only imagine the tantrums they’re throwing today. (more…)

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