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Fed officials said the new rules would not cover overdraft fees for checks.
It would stop creditors from applying interest rates retroactively to balances incurred under an old rate, or charging late fees for checks mailed days before the due date.
She ended up having to pay her credit card debt along with fees for checks that had bounced unexpectedly, Ms. Dorrian said.
Fed officials said that the banking industry received $25 billion to $38 billion a year in overdraft fees, including fees for checks and electronic transactions not covered by the new rules.
Similar(56)
First there were fees for checked bags.
Those fees for checked bags or in-flight meals?
Fees for Checked Bags Prepaying for checked bags online this season?
Still, fees for checked bags, the biggest chunk of airlines' so-called ancillary revenue, have weakened.
And there is even more money in fees for checked bags.
She also mentioned fees for checked bags and deteriorating customer service.
Of that, airlines gained about $2.7 billion from fees for checked bags and $2.4 billion from penalty fees for reservation changes.
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