NorCalUrban

CNN.com recently had a article on the fees in banking, credit card and cell phones. It showed how these fees are boosting profits and becoming a key part of profit margins for these companies. I would like to highlight the overdraft fee issue.  The article states: - In '07, consumers paid $63 billion in credit card fees, over - $38 billion in bank fees (overdraft and other fees)  - Credit unions often have lower fees than banks - Being late with credit card bill can trigger fee of up to $35 - Credit card cash advance can carry 23 percent interest, plus fee It began with a story about a pizza: Terri Lovin and her husband, Harold, may have had the world's most expensive pizza ... at $117 a pie. No, it's not gourmet dining. A cashier charged the couple twice for the $22.50 pizza. That caused the Lovins, who live in Hawaii on a fixed income, to be overdrawn on their bank account by less than a dollar. And that resulted in multiple banking overdraft fees of $24 each. And that&#