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We support reforms to the financial marketplace that protect consumers from unscrupulous banks and lenders.

By Consumers Union on Thursday, October 18th, 2007

A new documentary film, “Overdrawn,” provides a humorous yet sobering look at the issue of hidden banking fees associated with common banking practices.

Drawing upon his personal experience as well as those of others, the film’s director, Karney Hatch, exposes an intricate maze of bait and switch traps developed by the American banking industry. These traps, such as “overdraft protection,” cost consumers billions of dollars in fees, late charges and penalties each year, often times for services they never agreed to or even requested.

Overdrawn exposes dubious banking practices, which, when seen in the harsh light of day, are clearly better suited to criminal loan sharking. Through a series of interviews with consumer advocates including Ralph Nader, interspersed with real life banking fee horror stories, Overdrawn reveals how the current state of affairs came into existence and explores the prescription for change being put forward in the halls of power by consumer advocates.

The film is “Overdrawn”
Directed by Karney Hatch
Running time: 77 minutes
San Francisco premier: The 2007 CounterCorp Film Festival
When: Oct. 18 – 20
Where: The Victoria Theatre, 2961 16th Street at Mission
http://www.countercorp.org/countercorp-festival.htm#USURY

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