US overdraft fees jump at big banks amid regulatory, economic shifts

By Douglas Gillison WASHINGTON, Dec 16 (Reuters) - Fourteen of the largest U.S. retail banks posted jumps in the income they generated from overdraft and bounced-check fees during the first nine months of the year, while two big banks reported sharp declines, according to a Reuters analysis. The data reveals growing industry divergence on ​such fees at a time when broader economic and regulatory shifts make it more likely consumers will encounter them. It also highlights that some banks still rely ‌on ov ...