Record Bank fees

It should be no surprise that is reporting that banks received a record amount in fees last year:

…Last year, banks, thrifts and credit unions collected a record $37.8 billion in service charges on accounts, more than double what they got in 1994, according to the Federal Deposit Insurance Corp. and the National Credit Union Administration. These fees provide a more stable source of income to banks than products tied to fluctuating interest rates.

Bounced-check and ATM fees are setting records. Consumers are paying higher service charges for checking accounts. Banks are requiring higher balances on interest-bearing accounts…And banks that issue credit cards are incre


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