{"id":121,"date":"2007-02-11T22:02:55","date_gmt":"2007-02-11T22:02:55","guid":{"rendered":"http:\/\/westafer.com\/b\/wordpress\/?p=121"},"modified":"2007-02-11T22:02:55","modified_gmt":"2007-02-11T22:02:55","slug":"wachovia_profit","status":"publish","type":"post","link":"https:\/\/westafer.com\/b\/words\/2007\/02\/11\/wachovia_profit\/","title":{"rendered":"Wachovia Profits From Your Misfortune"},"content":{"rendered":"<blockquote><p>\nThe average overdraft fee last year was $27.40, according to Bankrate.com. In annual percentage terms, that amounts to a median interest rate of more than 20,000 percent on overdrawn debit-card purchases, according to the study, which looked at the overdraft fees that banks and credit unions charge and analyzed 8,527 overdraft transactions&#8230;<br \/>\nIndustry experts say overdraft fees are the biggest single source of fee income in retail banking. U.S. consumers pay $10.3 billion annually in overdraft charges, about $7.3 billion of which comes from &#8220;chronic borrowers living on the margins,&#8221; according to the report. Further, these borrowers are more likely than other bank customers to be single, non-white and renters rather than homeowners.\n<\/p><\/blockquote>\n<p><a href=\"http:\/\/www.newsobserver.com\/666\/story\/536351.html\">http:\/\/www.newsobserver.com\/666\/story\/536351.html<\/a><br \/>\nMore:<br \/>\n<a href=\"http:\/\/www.westafer.com\/b\/Debit-Card-Danger-report.pdf\">Debit-Card-Danger-report.pdf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The average overdraft fee last year was $27.40, according to Bankrate.com. In annual percentage terms, that amounts to a median interest rate of more than 20,000 percent on overdrawn debit-card purchases, according to the study, which looked at the overdraft fees that banks and credit unions charge and analyzed 8,527 overdraft transactions&#8230; Industry experts say [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-121","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/westafer.com\/b\/words\/wp-json\/wp\/v2\/posts\/121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/westafer.com\/b\/words\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/westafer.com\/b\/words\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/westafer.com\/b\/words\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/westafer.com\/b\/words\/wp-json\/wp\/v2\/comments?post=121"}],"version-history":[{"count":0,"href":"https:\/\/westafer.com\/b\/words\/wp-json\/wp\/v2\/posts\/121\/revisions"}],"wp:attachment":[{"href":"https:\/\/westafer.com\/b\/words\/wp-json\/wp\/v2\/media?parent=121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/westafer.com\/b\/words\/wp-json\/wp\/v2\/categories?post=121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/westafer.com\/b\/words\/wp-json\/wp\/v2\/tags?post=121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}