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Reported by: Kevin Flanigan Thursday, Sep 24, 2009 @06:15pm EDT A growing wave of consumer complaints draws the attention of Federal Regulators and a promise from a couple of National Banks.
And there are signs that some parts of the economy are on the mend.
The promise of new Consumer Protection comes on the heels of some consumer outrage over rising bank fees. The U.S. Public Interest Research group says that this year along banks in this country are expected to collect more than 38 billion dollars in overdraft fees. That's why a push is on in congress to limit how much banks can charge for consumers who over draw their accounts. Now both the Bank of America and Chase Bank says they will no longer charge those hefty over-draft fees if accounts are only slightly in the red. .................................... The effects of a new Guarantee program and the "Cash for Clunkers" success have given a boost to General Motors. The long struggling Auto Company has announced plans to increase the number of workers at a couple of manufacturing plants. Seven hundred new employees will be added to assembly plants in Indiana and Michigan. The company says it will be adding a third shift to plants that produce some of the more popular G.M Vehicle lines. ................................... Nintendo has announced that as of Sunday, the price of the Wii Game System will be cut by 50 dollars. That means the latest version of the most popular game system in the world will be retailing for just under 200 dollars. Industry analysts say its important for the company to sell as many game console as possible because a new generation of games will be coming out for the holiday season. And the profit margin on individual games is even higher than that of the gaming systems. Key games to be releases this year include the new Wii Fit Plus and a multi-player version of the popular Mario Brothers game. |
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