GAO Looks at Fees Banks Charge
In an article titled 'Banking Fees Are Rising and Often Undisclosed', Tomoeh Murakami Tse writes for the Washington Post's Sunday edition about a new report to be issued on Monday by the Government Accountability Office. 'The GAO report says the percentage of income at banks and thrifts derived from "noninterest sources," which include fees, rose to 27 percent in 2006 from 24 percent in 2000. Increased consumer use of electronic payments, as well as increased marketing of automatic overdraft protection programs, are likely contributing to the trend, the report says.'
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