Overdraft surveys reduce balances in the red: Philly Fed paper
A Philadelphia Federal Reserve paper published on Wednesday shows that individuals who are surveyed about overdraft-related issues are less likely to incur overdraft fees.
Victor Stango and Jonathan Zinman, the paper's authors, use survey content on overdraft questionnaires to explore the dynamics of individuals' attention to checking overdrafts and overdraft fees.
Stango and Zinman find that consumer take-up of overdrafts drops sharply after taking surveys that mention overdrafts or topics that
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