The Consumer Financial Protection Bureau has been making quite a bit of noise lately about overdraft fees. Industry analysts estimate these fees bring in 61% of total checking account fees across the industry, or about $31 billion in revenue.
With this much cash on the line (not to mention reputation risk and regulatory risk), its critical for investors to assess the impact for their investment of choice. In the video below, Motley Fool contributor Jay Jenkins discusses who deserves a pat on the back (Citigroup (C 0.26%) and Bank of America (BAC 1.53%)) and who should be nervous (looking at you, KeyCorp (KEY -0.35%).
