Marylander joins Obama at finance bill signing
Not long ago, Andrew Giordano was dealing with hundreds of dollars in bank fees for service he never requested. On Tuesday, the Locust Point man stood onstage at the Ronald Reagan Building in Washington as President Barack Obama told his story.
“If you’ve ever applied for a credit card, a student loan, or a mortgage, you know the feeling of signing your name to pages of barely understandable fine print,” Obama said. “What often happens as a result is that many Americans are caught by hidden fees and penalties, or saddled with loans they can’t afford. …
“ That’s what happened to Andrew Giordano, who discovered hundreds of dollars in overdraft fees on his bank statement – fees he had no idea he might face. … Well, with this law … we’ll ensure that people like Andrew aren’t unwittingly caught by overdraft fees when they sign up for a checking account.”
Giordano was one of two citizens who joined Treasury Secretary Timothy Geithner and congressional leaders onstage as Obama signed a sweeping overhaul of financial regulationts into law.
We’ve tried without success to reach Giordano at home. According to the White House, he is a retired Vietnam veteran who was assessed hundreds of dollars in overdraft fees on his veteran’s account because his bank had automatically enrolled him in “overdraft” protection that he never asked for. The White House says Giordano met Obama last year at a roundtable discussion on financial regulations.