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Watch Out! Big Changes in Retail Bank Pricing Are Coming

Tags » Checking Accounts, Financial Regulators, Overdraft Fees, Payments Views  » Comments (0)

Over on our PaymentsViews.com blog, Glenbrook's Carol Coye Benson reflects on yesterday's announcement by the Federal Reserve of new rules prohibiting banks from charging overdraft fees on debit card and ATM transactions without first obtaining consumer opt-in. Carol speculates on what retail banks will do to deal with the potential loss of overdraft fee revenue that could result.



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