WHAT: As the August deadline nears for banks and credit unions to file comments on the Federal Reserve's proposed sweeping changes to Overdraft Services, controversy continues to build over this issue, creating a "standoff" mentality between banks and consumer groups.

WHO: Michael Moebs, chairman of a nationally recognized economics research firm, Moebs $ervices, has studied fee and pricing issues of banks and credit unions for 25 years and conducts research for Federal Reserve and Government Accountability Office (GAO) of Congress. Mike can provide background information, perspective and relevant statistics to help reporters cover the full story behind the coming regulatory changes. He can provide:

• Background on Overdraft fees, "opt out" provisions, and debit card holds
• What the proposed Overdraft policies mean for consumers
• Opportunities and challenges for banks/credit unions resulting from the Fed's proposal
• Context for the proposed regulatory changes: why now?
• Data about consumers' use of and attitudes towards Overdraft services
• Historical information about the role of Overdraft fees in bank profitability

WHEN: Mike is available starting on July 2nd to respond to media inquiries.

WHERE: Moebs $ervices is based in Chicago. Mike is accessible for telephone interviews and understands reporter's time constraints and deadlines.

HOW: To set up an interview, please call Pat Harden at 510-635-4150 or email pharden@hardenpartners.com

For Moebs $ervices
Pat Harden, 510-635-4150
pharden@hardenpartners.com