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Overdraft Revenue Makes First Climb in Three Years

Overdraft revenue at banks, credit unions and thrifts rose last year for the first time since 2009, according to a new report from the economic research firm Moebs Services. Total overdraft revenue ticked up to $32.0 billion in 2012 — up $400 million, or 1%, from the previous year, according to the report. Still, despite regulations that put downward pressure on overdraft revenue, “consumers' use of overdrafts shows no indication of going away, and is actually increasing," Michael Moebs, chief executive officer of Moebs Services, said in a press release. Read more.

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