Yesterday the Center for Responsible Lending released its latest report on unfair bounce protection loans-- the banks prefer the term "courtesy overdraft." The CRL report Security Threat reinforces the harsh findings of the AARP report that bankruptcy hits older Americans hard (previous blog). So do unfair bank fees. From CRL:

...as banks raise their overdraft fees and make it easier to hit their account holders with multiple charges, we release findings on how unauthorized overdrafts strip fees from Americans 55 and older at the level of $4.5 billion per year. Nearly $1 billion of that comes from people who are heavily dependent on Social Security income.