Bank Fees: 'Opting In' for Overdraft Protection is Costlier, CFPB Reports

The agency found that by opting out these account-holders reduced their overdraft and non-sufficient fund fees, on average, by more than $450 in the second half of 2010. However, consumers who opt in to overdraft protection are more likely to end up with involuntary account closures.

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Ruling Gives Shoppers Legal Edge Over Phony Markdowns

The U.S. 9th Circuit Court of Appeals kept alive a potential class-action lawsuit against Kohl’s Department Stores. The lawsuit alleges the retailer mislead consumers in advertisements by claiming prices had been marked down from higher prices that were actually artificially pumped up beyond fair market value.

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