Federal Reserve Will Limit Overdraft Fees Charged By Banks

overdraft fees

The Federal Reserve released a long-awaited rule Thursday requiring banks and credit unions to get consumers’ permission before charging steep fees to pay debit card and ATM overdrafts.The final rule, which comes amid intense congressional scrutiny of bank overdraft practices, will take effect by July 1, 2010, for new customers and Aug. 15, 2010, for existing customers. The Fed released a preliminary rule on debit card and ATM overdrafts late last year, but didn’t say then if it would require banks to get consumers’ consent before signing them up for these programs.

 

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Seed Capital Boot Camp – How to Find Investors for Your Business

Seed Capital Boot Camp - How to Find Investors for Your Business 

 Yes, there is still money out there for investment!

Seed capital is the early stage money needed to get most businesses off the ground. It is considered a high-risk investment, but one that can reap major rewards if the company becomes a growth enterprise. This type of funding is often obtained in exchange for an equity stake in the enterprise, although with less formal contractual overhead than standard equity financing.

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