U.S. banks to make $38 billion from overdraft fees

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News Link • Economy - Economics USA U.S. banks to make $38 billion from overdraft fees 08-10-2009 • Reuters Banks in the United States are poised to make $38.5 billion in customer overdraft fees this year. A large portion of the revenue comes from the most financially stretched consumers. Many banks have increased charges on overdrafts and credit cards in order to boost profits. Read Full Story
Reported by Powell Gammill

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