U.S. Overdraft Fees Jump To $32 Billion As New Rules Prove Ineffective

Financially struggling Americans paid an increasing amount of money in overdraft fees last year, in spite of a 2010 rule designed to prevent abusive overdraft charges, analysts say a new report reveals. The report, by Illinois-based Moebs Services, found banks and credit unions were able to increase how much they earned in overdraft fees to $32 billion last year, a jump of 1.3 percent from the previous year. Consumer advocates and banking experts told The Huffington Post those increased bank rev...