At least my credit union isn't THIS disingenuous. Five months ago, Bank of America announced that it was no longer going to charge overdraft fees on debit card transactions. On August 15, BOA, along with every other bank and credit union, will no longer have the option of not charging such fees if customers "opt in". I'm trying to figure out how this is better for me. Update: 8/2/2010 - 9:31 PM : On second thought, maybe my credit union is the problem. Update 8/3/2010 - 2:30 PM After all the confusion, fostered by the federal government, I am just fine.
Politics is seldom simple. But the truth usually is.