Monday, August 2, 2021


Hundreds of thousands of Medi-Cal recipients are paying monthly premiums when they donít have to; Dr. Fauci predicts the pandemic will get worse.


The Texas voting rights fight gets star power; lawmakers stage a sit-in as the eviction moratorium expires; and Senators work overtime on infrastructure.

Report: "Hidden Loans" Burn NH Debit Card Users


Monday, January 29, 2007   

It's a loan program that almost everyone who banks in New Hampshire is enrolled in, even though they may not know it -- that is, until they get a bank statement.

Most banks now automatically enroll customers in "overdraft protection" loan programs for ATM and debit card transactions. However, a new report by the Center for Responsible Lending has found the fees for these programs are higher than standard overdraft protection offered as an option with most checking accounts.

Report author Eric Halperin says ATM and debit card customers typically are enrolled without their knowledge. He feels they ought to be able to "opt out," or stop a transaction, if there's a $35 dollar "fee" attached.

Of course, the high costs make these "automatic loans" very profitable for banks. The banking industry calls the practice a 'customer service;' Halperin is not convinced.

"For the money that you don't have for the purchase, the bank loans you the money and charges you a fee up to $35. So you can buy a $3 cup of coffee and end up paying $38 for it! Consumers should have to decide to be part of programs like these."

His study surveyed bank customers and found only two percent would proceed with an ATM or debit card transaction if they knew they didn't have enough money in their account and would, therefore, be charged an extra fee.

Halperin expects new federal legislation to require banks to get customers' permission to be included in overdraft programs. The full report can be found online, at

get more stories like this via email

Some tenants' advocates would like Virginia's new budget proposal for American Rescue Plan funding to include money for low-income renters to hire lawyers for eviction cases. (Adobe stock)

Social Issues

RICHMOND, Va. - Virginia's General Assembly Special Session begins today to budget more than $4 billion in federal COVID relief funds, and advocates …

Social Issues

DENVER-During the COVID health emergency, the federal government made school meals available for free to all students, regardless of their financial …

Social Issues

HELENA, Mont. - COVID-19 is underscoring the importance of ensuring that people's estates are in order, but estate planning can be be tricky for …

New Mexico Voices for Children says, as in many states, families of color in New Mexico were hit hard by the pandemic, in terms of school closures and job losses. (

Social Issues

ALBUQUERQUE, N.M. - Pandemic fallout still has U.S. states clawing their way back to normalcy, and New Mexico believes its decision to provide more …

Social Issues

CONCORD, N.H. - New polling finds many New Hampshire voters think it's important that wealthy individuals and corporations pay what's described as …

A new pilot program in Texas is teaching college students about the agriculture industry and career options they might not otherwise have considered. (ionlfox/Pixabay)

Social Issues

AMARILLO, Texas - The American Farm Bureau Federation hosts more than 100 college level chapters across 35 states, but this is the first time its …

Social Issues

ELIZABETH CITY, N.C. - As activists mark more than 100 days of protest since the April 21 death of Andrew Brown Junior - killed outside his Elizabeth …

Health and Wellness

GREENSBORO, N.C. - Local health departments that rely heavily on Advanced Practice Registered Nurses say the costly contract requirement that they be …


Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member and audience-supported news source since 1996 Copyright © 2021