Bashing Fees; Reviving Deal Spirits; Dissing Citi

Receiving Wide Coverage ...

Overzealous Overdrafts: As if it weren't tough enough to be a commercial banker these days, the Consumer Financial Protection Bureau is taking aim at account overdraft fees—a $32 billion source of industry revenue. In a report released early Tuesday, the agency criticizes U.S. banks for everything from confusing consumers with overdraft fee rules to reordering transactions to increase the fees individual customers pay, the Wall Street Journal reports. "What is marketed as...