Banks stand to collect a record $38.5 billion in overdraft fees


Every time we hear that bank overdraft fees are worse than ever, and then someone does a little digging on the subject, the news just seems to get even more ugly.

London's Financial Timespublished an interesting story over the weekend about bank overdraft fees, focusing on research done by Moebs Services, an independent research firm that collects data about financial institution services, pricing, operation expenses and other interesting gems.

Well, prepare to get really angry, even though I don't think any of their findings is all that shocking (interesting, yes... shocking, no). But maybe I'm just too entrenched in researching and writing about bank fees to be easily surprised.