Overdraft Fees Threaten Financial Security of Older Americans
Americans 55 and over pay $4.5 billion in fees annually for overdraft loans they haven't asked for and typically don't want, a new study by the Center for Responsible Lending finds. Of that, nearly $1 billion is stripped from people heavily dependent on Social Security income. The new report " Shredded Security: Overdraft practices drain fees from older Americans," shows...