Banking on Bounced Checks: Federal Proposal on Bounce Protection Still Exposes Consumers to Hidden Bank Fees
by Tim Westrich, Malcolm Bush
Discusses how bounce protection originally intended as a courtesy service to save consumers from the embarrassment of a bounced check has evolved into a well-disguised loan product, the key features of which have beenconcealed by banks in order to extract additional fee income from unsuspecting consumers.
Author Name: 
Tim Westrich, Malcolm Bush

Download PDF for this article - Banking on Bounced Checks.pdf - 60.9 KB