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Saturday, May 03rd

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You are here News Economy U.S. banks to make $38 billion from overdraft fees: report

U.S. banks to make $38 billion from overdraft fees: report

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A large portion of the revenue is likely to come from the most financially stretched consumers, according to the paper.

It said the research showed that many banks have increased charges on overdrafts and credit cards in order to boost profits.

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