3 Ways to Beat Rising Bank Fees

It's been a year since the second phase of the CARD Act of 2009 became law. To celebrate, the Federal Reserve clarified some of the initial rules in order to close loopholes the credit card companies have been able to exploit. Still, as Bryce Covert points out in New Deal2.0's new credit blog, "The Swipe," consumers must be alert, because "outrageous practices are far from being a distant memory."

As banks grapple with lost income from their credit card divisions, they are finding other ways to separate you from your money. Here's hot to beat back new bank fees:

More on MoneyWatch.com

• Credit Card Tricks for 2011
• 4 Ways to Beat Bank Fees
• Credit Card Reform: Here's How You're Getting Hosed

Jill Schlesinger

Jill Schlesinger, CFP® is the Emmy-nominated business analyst for CBS News. She covers the economy, markets, investing and anything else with a dollar sign on TV, radio (including her nationally syndicated radio show), the web and her blog, "Jill on Money." Prior to her second career at CBS, Jill spent 14 years as the co-owner and chief investment officer for an independent investment advisory firm. She began her career as a self-employed options trader on the Commodities Exchange of New York, following her graduation from Brown University.

Twitter