Here's the rub: These few behemoths have a cozy arrangement for swapping traffic free-of-charge among themselves--but they charge stiff fees for the very same service when dealing with smaller players.
Here's the rub: These few behemoths have a cozy arrangement for swapping traffic ("peering") free-of-charge among themselves--but they charge stiff fees for the very same service when dealing with smaller players.
Because overdraft fees basically subsidized free checking for all, the push to reduce them is forcing banks to reconsider how they charge for checking account services overall.
We are not convinced that managers who charge excessive fees and even disclose to clients that their fees are higher-than-necessary, are free of litigation risk.