Overdraft Loan Quiz

References:

Center for Responsible Lending. (2009, March). Overdraft fees and opting in: A survey of consumer preferences. Retrieved from http://www.responsiblelending.org/overdraft-loans/research-analysis/overdraft-fees-and-opting-in-survey.html.

Center for Responsible Lending. (2009, April). Quick facts on overdraft loans. Retrieved from http://www.responsiblelending.org/overdraft-loans/research-analysis/quick-facts-on-overdraft-loans.html.

Consumer Overdraft Protection and Fair Practices Act, H.R. 1456, 111th Congress. (2009-2010). Accessed from Track Congress website, http://www.govtrack.us/congress/bill.xpd?bill=h111-1456.

Department of the Treasury. (2009). Financial regulatory reform: A new foundation. Retrieved from http://www.financialstability.gov/docs/regs/FinalReport_web.pdf.

FDIC. (2008, November). FDIC study of bank overdraft programs. Retrieved from http://www.fdic.gov/bank/analytical/overdraft/.

Fusaro, M. A. (2008). Hidden consumer loans: An analysis of implicit interest rates on bounced checks. Journal of Family and Economic Issues, 29, 251-263.

Impact Financial Services. (2009). From the president’s desk. Retrieved from http://impactfinancial.com/portal/AboutIFS/FromPresidentsDesk/tabid/66/Default.aspx.

Kaper, S. (2009, June 10). Fed overdraft fee curb urged. American Banker, p.16 Retrieved from http://www.americanbanker.com/issues/174_115/-380546-1.html.

Ostermaier, R. (2009, September 12). National average credit card APR rises. Daily Press. Retrieved from http://www.dailypress.com/business/dp-news_creditcards_0912sep12,0,7280493.story.

U.S. Bancorp. (2009). U.S. Bank reserve line of credit. Retrieved from http://www.usbank.com/cgi_w/cfm/personal/products_and_services/checking/odp_ps.cfm.

*Unless otherwise classified, references to “overdraft programs” in this quiz refer to automated overdraft programs (as opposed to line of credit or linked-account programs).