Bank overdraft fees hit record highs during pandemic
CBSN
Overdraft fees that banks charge for withdrawals exceeding funds in a checking account grew to their highest amount ever last year, as American households struggled financially during the coronavirus pandemic.
The average fee for overdrawing an account was $33.58, a 22-cent increase over the past two years, according to a Bankrate survey released Wednesday.
Among major U.S. cities, people living in Philadelphia, Baltimore and Houston last year paid the highest overdraft fees at more than $35. Cincinnati, Los Angeles and St. Louis paid the lowest fees at around $31, the survey revealed.
Washington — Former Republican Rep. Matt Gaetz is meeting with senators on Capitol Hill on Wednesday as he seeks to shore up support for his nomination for attorney general amid calls for the House Ethics Committee to release a report on allegations he engaged in sexual misconduct and illicit drug use.