NEW YORK, Aug. 20, 2009 (GLOBE NEWSWIRE) -- The law firm of Harwood Feffer LLP is investigating excessive bank charges to customers enrolled in bank "overdraft protection programs" related to debit card overdraft and bounced-check fees.
While banks have historically covered bad checks for certain customers, banks now view overdraft fees as a major profit center and have started to automatically enroll debit card holders into overdraft programs. Some banks have instituted a tiered penalty system, charging customers steadily higher fees as the overdrafts mount.
In certain cases, bank customers, availing themselves of overdraft "privileges," suffer from what has been called the "overdraft domino effect," being charged overdraft fees many times the amount of their purchases.
Harwood Feffer LLP has an extensive record of successfully prosecuting securities, antitrust and consumer class actions. For more information about Harwood Feffer LLP, please visit its website at www.hfesq.com.
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If you feel you have been charged excessive fees by your bank due to overdrafts on a debit card or bounced checks (resulting in more than just a one-time charge), please contact:
Samuel K. Rosen Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 (Toll free) 877-935-7400 E-mail at srosen@hfesq.com.