Is Your Bank Targeting You with Overdraft Notices?

Wondering why you’ve been bombarded with literature urging you to opt in for overdraft protection at your bank?

You may be the subject of a highly focused campaign meant to target consumers most likely to spend in excess of their balance.

Starting August 15, new Federal Reserve rules will require that banks can no longer automatically cover overdrafts and then levy a fee ($27 on average, per Moebs Services Inc.) as they had been; they’ll now need to get customers to opt ..read more

Most-hated-fees contest: The championship round

Well, here we are, folks. It’s time for the frustrating-fee finals. The summation of our surcharge smackdown.

Following up on a story in the July issue of MONEY about 15 irritating fees — and how to avoid them — the More Money blog has asked readers to pick what they think are the most frustrating surcharges out of all the fees levied by banks, airlines and other companies that people do business with. Over the past two weeks, through five initial ..read more

Most-hated-fee contest: Semifinal round 1

When it comes to getting nickel-and-dimed, there are minor irritations and there are major league champions. Welcome to the big leagues.

Following up on a story in the July issue of MONEY about 15 irritating fees — and how to avoid them — we here at the More Money blog have embarked on a quest to find the most frustrating fee out of all the fees charged by banks, airlines or other companies you do business with. Last week, visitors to ..read more

Most-hated-fee contest: Round 5

What’s the most irritating fee charged by banks, airlines or other businesses? The time is winding down for letting us know.

Following up on our story about 15 irritating fees — and how to avoid them — MONEY is on its way to crowning the biggest loser: The Most-Hated Fee of All. This week, we’ve been asking you to narrow down the field of 15 outrageous fees by picking your least-favorite surcharge among the three we’ve been spotlighting at a time. ..read more

Most-hated-fee contest: Round 5

What’s the most irritating fee charged by banks, airlines or other businesses? The time is winding down for letting us know.

Following up on our story about 15 irritating fees — and how to avoid them — MONEY is on its way to crowning the biggest loser: The Most-Hated Fee of All. This week, we’ve been asking you to narrow down the field of 15 outrageous fees by picking your least-favorite surcharge among the three we’ve been spotlighting at a time. ..read more

Most-hated-fee contest: Round 4

If you’re sick of getting nickel-and-dimed, now’s your chance to express your aggravation. In preparation for a story about 15 irritating fees — and how to avoid them — MONEY asked readers for the most frustrating fees they’ve been charged by banks, airlines and other businesses. We received 2,000 responses.

Now we’re crowning the biggest loser: The Most-Hated Fee of All. This week, we’re asking you to narrow down the field of 15 outrageous fees by picking your least-favorite surcharge among ..read more

Most-hated-fee contest: Round 3

Sick of getting nickel-and-dimed? Sure you are. In preparation for a story about 15 irritating fees — and how to avoid them — MONEY asked readers for the most frustrating fees they’ve been charged by banks, airlines and other businesses. We received 2,000 responses.

Now we’re in the process of crowning the biggest loser: The Most-Hated Fee of All. This week, we’re asking you to narrow down the field of 15 outrageous fees by picking your least-favorite surcharge among the two ..read more

Most-hated fees contest: Round 3

Sick of getting nickel-and-dimed? Sure you are. In preparation for a story about 15 irritating fees — and how to avoid them — MONEY asked readers for the most frustrating fees they’ve been charged by banks, airlines and other businesses. We received 2,000 responses.

Now we’re in the process of crowning the biggest loser: The Most-Hated Fee of All. This week, we’re asking you to narrow down the field of 15 outrageous fees by picking your least-favorite surcharge among the two ..read more

Is Goldman too big to obey the law?

In the wake of Friday's civil fraud complaint filed against Goldman Sachs, the blogosphere has had all weekend to reflect upon the implications of the news. Here's some of the best commentary:

"Wall Street has gotten a lot of mileage," notes Ezra Klein, "out of the accusation that the political system simply doesn't understand how Wall Street works. And that's, well, correct. The problem is that Wall Street also doesn't understand how Wall Street works." [Ezra Klein] It's not just that banks ..read more

Financial reform roundup: Banks "built on sand"

Financial reform news from around the Web:

The 1,300-page financial reform bill before Congress contains plenty of controversial provisions. Here's a rundown of five issues that promise heated debate between lawmakers and lobbyists. [Mother Jones] An anonymous veteran banker opens up about what he sees as a faulty financial system and the necessity of breaking up banks that are Too Big To Fail. He also discusses the need for whistleblower protection. [The Huffington Post] Michael Lewis: Good financial reform will make all banks ..read more

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