April 2011limited and varying consumer attention: evidence from shocks to the salience of bank overdraft fees *We explore the dynamics of limited attention in the $35 billion market for checking overdrafts, using survey content as shocks to the salience of overdraft fees....
Limited and varying consumer attention: evidence from shocks to the salience of bank overdraft feesWe explore dynamics of limited attention in the $35 billion market for checking overdrafts, using survey content as shocks to the salience of overdraft fees....
An analysis of bank overdraft fees: pricing, market structure and regulation>p>Overdraft fees are charged when financial institutions cover a customer's transaction when their checking account lacks sufficient funds....
Consumer testing informs policy: overdraft regulation as a case studyIn November 2009, the Board of Governors of the Federal Reserve System issued regulations that protect consumers from being charged certain fees when, under a discretionary overdraft service, financial institutions pay transactions from a deposit account that contains insufficient funds....