We noted not too long ago that the big issue in all the furor over consumer overdraft fees was revenue. The industry was raking in $30 billion a year in such fees. It was a phenomenal industry success. The guys who came up with it were no doubt handsomely rewarded, and now the gravy train is ending.

The AP notes that other fees might rise. It might mean "the return of monthly fees or minimum balances for checking accounts, or the bundling of accounts with other services for a fee." We may also see a push to get people to opt-in or not opt-out. But in any case, banks are going to have to think long and hard about how to make up that revenue. It will not be easy in a fee-conscious environment. Some banks are hoping the focus doesn't turn to other lucrative hidden fees.

For more:
- here's the article

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