Bounce loans

Has anyone else noticed this shit? They also run checks and charges through from largest to smallest, not chronologically, to increase these fees.

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"It used to be that when you went to the ATM, it wouldn't give you more than you had in there," said Gail Hillebrand, senior attorney for the Consumers Union in San Francisco...at the grocery store, "They don't say, 'Sorry ma'am, you're over your limit.' You could overdraw your checking account by 50 cents at the grocery store and get nabbed with a $25 overdraft fee. That's some expensive gum."

Michael Duff of Kent found himself in a similar situation with Washington Mutual, where he was incurring multiple overdraft fees after making several small debit card purchases earlier this year. Duff filed a federal lawsuit last month against the bank, accusing Washington Mutual of using unfair or deceptive practices against him. The suit seeks class-action status. Earlier this year, a U.S. District Court in Southern California dismissed a similar class-action lawsuit against Washington Mutual. The case is on appeal.

According to Duff's lawsuit, "When a WaMu customer withdraws cash from an ATM, nothing advises the customer that the account will be overdrawn and an 'Overdraft Charge' imposed. "It is not until the customer receives a monthly statement that the 'Overdraft Charge' is even disclosed. "Thus, at the time of withdrawal, the customer is effectively deprived of the option of deciding whether to overdraw the account, to use a different account, to use a credit card, to transfer funds or to delay the withdrawal."