The Federal Deposit Insurance Corporation (FDIC) recently released a detailed study of bank overdraft programs.

The report highlights key findings about the growing business of automated overdraft programs, enrollment practices, credit limits, fees and more in our nation's banks. More importantly, it highlights practices that significantly harm customers, especially those in low-income areas.

Some of the findings relate to a case we filed against Wells Fargo in October claiming the bank's systematic practice of re-sequencing electronic debit transactions results in excessive overdraft fees to customers. Several papers throughout the country are reporting on the FDIC study, including USA Today.