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Banks Still Racking Up Overdraft Fees, Critics Say

Tuesday, October 18, 2016
Kery Murakami | CNHI Washington Reporter
Michael Calhoun

The banks’ practice involves processing the largest charges received first, rather than in chronological order. That “empties bank accounts faster,” said Michael Calhoun, president of the Center for Responsible Lending, a watchdog group that’s called on federal regulators to end the practice known as high-to-low posting.