News by FinTech Collective

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Wonga vs. Bank overdraft Fees

Wonga just got into trouble in the UK with this advert, but... Using a bank overdraft can be as expensive as a payday loan. According to...

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Overdraft Fees at Banks Hit a High, Despite Curbs

Squeezed by falling revenue on deposit accounts, banks are turning to a familiar source of income: overdraft fees.

Overdraft fees make up the bulk of checking-account fee revenue, said Jefferson Harralson, a banking analyst at Keefe, Bruyette & Woods...…

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