Thursday, October 15, 2009

Most of the Press Misses Fed Overdraft News (Off-topic)

From the Columbia Journalism Review's The Audit blog (column?):

The Wall Street Journal and USA Today have one of the biggest news stories of the day: The Federal Reserve is planning to upend the overdraft racket by forcing banks to allow customers to “opt in” rather than automatically enrolling them in overdraft “protection.” That’s something the vast majority of us don’t want and haven’t been able to get out of.

The New York Times, Washington Post, L.A. Times, etc.? A big zero. The Associated Press, Reuters, and Bloomberg were even at the sessions where the news came out and just missed it....MORE