3 Ways to Beat Rising Bank Fees

Last Updated Mar 22, 2011 9:46 AM EDT

It's been a year since the second phase of the CARD Act of 2009 became law. To celebrate, the Federal Reserve clarified some of the initial rules in order to close loopholes the credit card companies have been able to exploit. Still, as Bryce Covert points out in New Deal2.0's new credit blog, "The Swipe," consumers must be alert, because "outrageous practices are far from being a distant memory."

As banks grapple with lost income from their credit card divisions, they are finding other ways to separate you from your money. Here's hot to beat back new bank fees:


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    Jill Schlesinger, CFP®, is the Editor-at-Large for CBS MoneyWatch. She covers the economy, markets, investing or anything else with a dollar sign. Prior to the launch of MoneyWatch in 2009, Jill was the chief investment officer for an independent investment advisory firm. In her infancy, she was an options trader on the Commodities Exchange of New York.

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