Ask Ohio To Be A Leader In Reforming Banking Practices
Target:
Gov. Ted Strickland, D-OH
Sponsored by:
Commercial Banks suck around $33-37 per failed transaction from consumers in overdraft fees, on top of negative balance fees per day - and these fees are the number one source of income for Ohio banks, according to a finance manager at Fifth Third Bank. US Bank is one of the worst offenders for consumer complaints of overdraft fees. They charge $37.50 for every single transaction that attempts to post when your account is below $0 (a nightmare if you have automatic payments set up for your bills), plus $7 per day for a negative balance.
And there are other shady practices that can go along with this: for example, banks can legally hold your deposited check(s) without reason, causing your account to fall below negative even if the funds are in your account to cover it (and even if the bank shows that the funds are available!).
Banks in the US made over $50 billion in overdraft fees last year alone.
Ohio Governor Ted Strickland has just signed House Bill 545, which will prevent PayDay loan stores from charging more than 28% interest on paypday loans in Ohio; these stores are charging as much as 391% interest until the Bill goes into effect in 90 days.
No matter what state you're in, will you please ask Gov. Strickland to continue standing up against big money to protect the little guy? While we're capping off rates at payday loan outlets, we should be doing something to stop the debt of consumers to overdraft fees to the benefit of giant banking corporations that certainly don't need the money as much as the consumer does.
And there are other shady practices that can go along with this: for example, banks can legally hold your deposited check(s) without reason, causing your account to fall below negative even if the funds are in your account to cover it (and even if the bank shows that the funds are available!).
Banks in the US made over $50 billion in overdraft fees last year alone.
Ohio Governor Ted Strickland has just signed House Bill 545, which will prevent PayDay loan stores from charging more than 28% interest on paypday loans in Ohio; these stores are charging as much as 391% interest until the Bill goes into effect in 90 days.
No matter what state you're in, will you please ask Gov. Strickland to continue standing up against big money to protect the little guy? While we're capping off rates at payday loan outlets, we should be doing something to stop the debt of consumers to overdraft fees to the benefit of giant banking corporations that certainly don't need the money as much as the consumer does.
Commercial Banks suck around $33-37 per failed transaction from consumers in overdraft fees, on top of negative balance fees per day - and these fees are the number one source of income for Ohio banks, according to a finance manager at Fifth Third Bank. US Bank is one of the worst offenders for consumer complaints of overdraft fees. They charge $37.50 for every single transaction that attempts to post when your account is below $0 (a nightmare if you have automatic payments set up for your bills), plus $7 per day for a negative balance.
And there are other shady practices that can go along with this: for example, banks can legally hold your deposited check(s) without reason, causing your account to fall below negative even if the funds are in your account to cover it (and even if the bank shows that the funds are available!).
Banks in the US made over $50 billion in overdraft fees last year alone.
Ohio Governor Ted Strickland has just signed House Bill 545, which will prevent PayDay loan stores from charging more than 28% interest on paypday loans in Ohio; these stores are charging as much as 391% interest until the Bill goes into effect in 90 days.
No matter what state you're in, will you please ask Gov. Strickland to continue standing up against big money to protect the little guy? While we're capping off rates at payday loan outlets, we should be doing something to stop the debt of consumers to overdraft fees to the benefit of giant banking corporations that certainly don't need the money as much as the consumer does.
And there are other shady practices that can go along with this: for example, banks can legally hold your deposited check(s) without reason, causing your account to fall below negative even if the funds are in your account to cover it (and even if the bank shows that the funds are available!).
Banks in the US made over $50 billion in overdraft fees last year alone.
Ohio Governor Ted Strickland has just signed House Bill 545, which will prevent PayDay loan stores from charging more than 28% interest on paypday loans in Ohio; these stores are charging as much as 391% interest until the Bill goes into effect in 90 days.
No matter what state you're in, will you please ask Gov. Strickland to continue standing up against big money to protect the little guy? While we're capping off rates at payday loan outlets, we should be doing something to stop the debt of consumers to overdraft fees to the benefit of giant banking corporations that certainly don't need the money as much as the consumer does.
THANK YOU for signing House Bill 545, to prevent payday loan outlets from charging more than 28 percent for floating funds to Ohio residents before payday.
We think this is a great, great measure to help those shackled in debt (or soon to be) from plummeting even further down. While you are on this noble pursuit to stand up to financial institutions on behalf of the little guy, why not do consumers an even greater service, and crack down on Ohio banks?
Since more customers use regular commercial banks - for checkings, savings, and loans - than they do payday loan stores, it could help even more Ohioans statewide to enact legislation that would stop the banking industry from charging the excessive fees that they currently do for overdraft and negative balance fees. These fees - which suck around $33-37 per failed transaction, on top of negative balance fees per day - are the number one source of income for Ohio banks, according to a finance manager at Fifth Third Bank. US Bank is one of the worst offenders for consumer complaints of overdraft fees. They charge $37.50 for every single transaction that attempts to post when your account is below $0 (a nightmare if you have automatic payments set up for your bills), plus $7 per day for a negative balance.
And there are other shady practices that can go along with this: for example, banks can legally hold your deposited check(s) without reason, causing your account to fall below negative even if the funds are in your account to cover it (and even if the bank shows that the funds are available!).
Banks in the US made over $50 billion in overdraft fees last year alone.
This is a chance for Ohio to continue to set an example in standing up against big money to protect the little guy.
Will you please take this a step further and lobby for banking CHANGE?
We think this is a great, great measure to help those shackled in debt (or soon to be) from plummeting even further down. While you are on this noble pursuit to stand up to financial institutions on behalf of the little guy, why not do consumers an even greater service, and crack down on Ohio banks?
Since more customers use regular commercial banks - for checkings, savings, and loans - than they do payday loan stores, it could help even more Ohioans statewide to enact legislation that would stop the banking industry from charging the excessive fees that they currently do for overdraft and negative balance fees. These fees - which suck around $33-37 per failed transaction, on top of negative balance fees per day - are the number one source of income for Ohio banks, according to a finance manager at Fifth Third Bank. US Bank is one of the worst offenders for consumer complaints of overdraft fees. They charge $37.50 for every single transaction that attempts to post when your account is below $0 (a nightmare if you have automatic payments set up for your bills), plus $7 per day for a negative balance.
And there are other shady practices that can go along with this: for example, banks can legally hold your deposited check(s) without reason, causing your account to fall below negative even if the funds are in your account to cover it (and even if the bank shows that the funds are available!).
Banks in the US made over $50 billion in overdraft fees last year alone.
This is a chance for Ohio to continue to set an example in standing up against big money to protect the little guy.
Will you please take this a step further and lobby for banking CHANGE?
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We signed the "Ask Ohio To Be A Leader In Reforming Banking Practices" petition!
# 78:
8:29 am PDT, Sep 2,
Name not displayed, Ohio
Us Bank is an uncaring, money gauging institution and something must be done about their unfair treatment of consumers.
Us Bank is an uncaring, money gauging institution and something must be done about their unfair treatment of consumers.
# 77:
1:37 pm PDT, Aug 28,
JANET BEAVERS, Ohio
# 76:
12:27 pm PDT, Aug 19,
Barbara Riley, Ohio
# 75:
9:09 am PDT, Aug 19,
Linda Slaven, Kentucky
# 74:
8:37 pm PDT, Aug 15,
Caroline Swaya, Ohio
Please stand up against big money to protect the American people.
Please stand up against big money to protect the American people.
# 73:
10:28 pm PDT, Aug 11,
SHARON SIFFORD, Ohio
I had a similar problem with Huntington. They made it quite clear they could change the way items were paid to ensure that items bounced and they were paid bounced fees first. They did not even think they were doing a disservice to their customers. They charged me $300 on $44 in items. The banks are pushing the legislation behing stopping payday loans.
I had a similar problem with Huntington. They made it quite clear they could change the way items were paid to ensure that items bounced and they were paid bounced fees first. They did not even think they were doing a disservice to their customers. They charged me $300 on $44 in items. The banks are pushing the legislation behing stopping payday loans.
# 72:
7:30 am PDT, Aug 2,
Andi Alnwick, New York
# 71:
8:41 am PDT, Jul 23,
Mistee Brown, Ohio
These banks "allow" you to overdraw your account by $500, and then charge you fees for the courtesy. If you have direct deposit, your whole paycheck can be eaten up, which would then force you to overdraw your account again. How's that for a cycle of debt?
These banks "allow" you to overdraw your account by $500, and then charge you fees for the courtesy. If you have direct deposit, your whole paycheck can be eaten up, which would then force you to overdraw your account again. How's that for a cycle of debt?
# 70:
2:55 pm PDT, Jul 19,
Sheena Morris, North Carolina
# 69:
10:14 am PDT, Jul 18,
Phyllis Pleasants, Virginia
# 68:
9:52 am PDT, Jul 17,
Joann Shanks, California
# 67:
4:29 am PDT, Jul 17,
Beatrice Baxter, United Kingdom
# 66:
4:25 pm PDT, Jul 16,
Chris Kuhar, Virginia
# 65:
4:14 pm PDT, Jul 16,
June Marshall, New Hampshire
# 64:
1:38 pm PDT, Jul 16,
J Steven Reese, Alaska
# 63:
12:31 pm PDT, Jul 16,
Joycey Berry, North Carolina
# 62:
11:56 am PDT, Jul 16,
Linda Hughes, Florida
I have lost as much as $150.in one month I am on disability and have poor skills with somethings.I have even asked my bank(BANK OF AMERICA) to help me and was told they have no programs or cannot assist me,I then asked if they could recommend me to some where that could help seeing as I am disabled and have problems with memory.I was told "NO" I have found a bank to switch,will they be any better?? Who knows. Over a years time I have been charged approximately $1,000. in a year! This I can not afford and they are draining me dry! I need help !
I have lost as much as $150.in one month I am on disability and have poor skills with somethings.I have even asked my bank(BANK OF AMERICA) to help me and was told they have no programs or cannot assist me,I then asked if they could recommend me to some where that could help seeing as I am disabled and have problems with memory.I was told "NO" I have found a bank to switch,will they be any better?? Who knows. Over a years time I have been charged approximately $1,000. in a year! This I can not afford and they are draining me dry! I need help !
# 61:
8:10 pm PDT, Jul 15,
Name not displayed, Illinois
# 60:
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3:39 pm PDT, Jul 2,
Candace Penner, California
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# 59:
7:17 pm PDT, Jun 30,
Brandy Smith, North Carolina
i was 30 cents , just 30 cents over and was charged $35.00 that is such a rip off i would rather just close my account and keep my money buried in a jar lol atleast i wont pay any fees on it !!!
i was 30 cents , just 30 cents over and was charged $35.00 that is such a rip off i would rather just close my account and keep my money buried in a jar lol atleast i wont pay any fees on it !!!
# 58:
12:36 pm PDT, Jun 30,
Susie Springman, Illinois
# 57:
7:06 am PDT, Jun 22,
Sarah Sebring, Ohio
# 56:
2:06 pm PDT, Jun 21,
BiLL Fowlie, Maine
# 55:
2:36 pm PDT, Jun 19,
Roxie Schliesman, Wisconsin
# 54:
5:34 pm PDT, Jun 18,
Mary Pollock, Ohio
# 53:
4:49 pm PDT, Jun 13,
Wayne Brown, Florida
# 52:
2:17 pm PDT, Jun 9,
Heather Phillips, Ohio
For once, might legislation be passed that is fair, equitable and not being lobbied by big business to squelch the little guy? The state of Ohio is notorious for running small businesses into the ground and out of the state. But our state officials and legislators would do well to remember that small business owners are also voters!
For once, might legislation be passed that is fair, equitable and not being lobbied by big business to squelch the little guy? The state of Ohio is notorious for running small businesses into the ground and out of the state. But our state officials and legislators would do well to remember that small business owners are also voters!
# 51:
11:32 am PDT, Jun 9,
Susan Bailey, Ohio
at one point in time I went through an unexpected split from my ex. I went from a 2 income family to a single parent with no additional monies coming into my household w/in a 24 hour period. If there had not been payday lending institutions to get me through the next several months I would never have made it and I would have lost my home. I cannot thank them enough.
at one point in time I went through an unexpected split from my ex. I went from a 2 income family to a single parent with no additional monies coming into my household w/in a 24 hour period. If there had not been payday lending institutions to get me through the next several months I would never have made it and I would have lost my home. I cannot thank them enough.
