OK

This is only a Preview!

You must Publish this diary to make this visible to the public,
or click 'Edit Diary' to make further changes first.

Posting a Diary Entry

Daily Kos welcomes blog articles from readers, known as diaries. The Intro section to a diary should be about three paragraphs long, and is required. The body section is optional, as is the poll, which can have 1 to 15 choices. Descriptive tags are also required to help others find your diary by subject; please don't use "cute" tags.

When you're ready, scroll down below the tags and click Save & Preview. You can edit your diary after it's published by clicking Edit Diary. Polls cannot be edited once they are published.

If this is your first time creating a Diary since the Ajax upgrade, before you enter any text below, please press Ctrl-F5 and then hold down the Shift Key and press your browser's Reload button to refresh its cache with the new script files.

ATTENTION: READ THE RULES.

  1. One diary daily maximum.
  2. Substantive diaries only. If you don't have at least three solid, original paragraphs, you should probably post a comment in an Open Thread.
  3. No repetitive diaries. Take a moment to ensure your topic hasn't been blogged (you can search for Stories and Diaries that already cover this topic), though fresh original analysis is always welcome.
  4. Use the "Body" textbox if your diary entry is longer than three paragraphs.
  5. Any images in your posts must be hosted by an approved image hosting service (one of: imageshack.us, photobucket.com, flickr.com, smugmug.com, allyoucanupload.com, picturetrail.com, mac.com, webshots.com, editgrid.com).
  6. Copying and pasting entire copyrighted works is prohibited. If you do quote something, keep it brief, always provide a link to the original source, and use the <blockquote> tags to clearly identify the quoted material. Violating this rule is grounds for immediate banning.
  7. Be civil. Do not "call out" other users by name in diary titles. Do not use profanity in diary titles. Don't write diaries whose main purpose is to deliberately inflame.
For the complete list of DailyKos diary guidelines, please click here.

Please begin with an informative title:

Overdraft fees at U.S. banks rose nearly 10% in a 5-month period last year. The Chicago Tribune has reported that the median price of an overdraft rose $2.50, from $27.50 in June 2011 to $30 in November.
The information comes from a study performed by economic research firm Moebs Services Inc., which says it’s never seen such a large increase in such a short period of time.
Banks blame the increase on the overdraft regulations contained in the Dodd-Frank Wall Street Reform and Consumer Protection Act. The law, they say, is killing overdraft revenue, which dropped a startling 10.9% in 2011 to a mere $29.5 billion.
What banks aren’t highlighting is the fact that, until now, revenue from overdraft fees climbed steadily from 2000 to 2009 – at an average of more than 10% a year. They were raking it in, even as they were also making oodles on servicing and sale of all those ill-advised mortgages.
The comedown must be difficult.
But there is one group that doesn’t seem to mind the rising overdraft fees.
Those sleazy payday lenders now provide more transparency on the fees they charge than the banks themselves. And they’re making a straight-faced case that, when the bills are due, a payday loan is cheaper than than overdrawing your bank account – even with overdraft protection.

Intro

You must enter an Intro for your Diary Entry between 300 and 1150 characters long (that's approximately 50-175 words without any html or formatting markup).

Extended (Optional)

EMAIL TO A FRIEND X
Your Email has been sent.