Bank of America and Wells Fargo Make Changes to Overdraft Fees

The list of banks reducing or cutting overdraft fees has just grown. Both Bank of America and Wells Fargo have announced plans to end non-sufficient funds and overdraft fees. It's a move that economists are calling 'brilliant,' and is sure to hike up the pressure on large national and regional banks to follow in their footsteps. Greg McBride, the chief financial analyst at Bankrate, joins Cheddar News to discuss.