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Regions Bank Latest To Change Overdraft Policy

Birmingham, AL – Regions Bank on Thursday became the latest bank to ease its overdraft fees and policies, as federal scrutiny intensifies over the programs.

However, the Alabama-based company said it will continue automatically enrolling customers for overdraft protection-the key practice that has come under fire in recent months.

Last week, Bank of America, JPMorgan Chase, U.S. Bank and Wells Fargo said they would no longer automatically enroll customers for overdraft protection.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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