overdraft fees

CFPB Moves to Close ‘Outdated’ Bank Overdraft Loophole
CFPB Moves to Close ‘Outdated’ Bank Overdraft Loophole
January 17, 2024  |  Bank Regulation

The White House wants to limit the overdraft fees banks can charge customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Smaller Banks Warn of ‘Significant Impact’ From CFPB’s Proposed Overdraft Fee Regulation
Smaller Banks Warn of ‘Significant Impact’ From CFPB’s Proposed Overdraft Fee Regulation
January 04, 2024  |  Bank Regulation

The calendar has barely turned to a new year — and the Consumer Financial Protection Bureau (CFPB) has already had a fair share of criticism....

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CFPB Overdraft Fee Report Slams ‘Surprises,’ but Data Shows Usefulness
CFPB Overdraft Fee Report Slams ‘Surprises,’ but Data Shows Usefulness
December 19, 2023  |  Personal Finance

Overdraft fees have been a flashpoint of contention in banking for a while. Get the Full Story Complete the form to unlock this article and...

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CFPB Finds Atlantic Union Bank Misled Customers About Fees
CFPB Finds Atlantic Union Bank Misled Customers About Fees
December 07, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has ordered Atlantic Union Bank to pay $6.2 million, saying the bank misled customers and improperly enrolled them into...

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Nearly 70% of Gen X Incur Overdraft Fees for Attempting Transactions With Insufficient Funds 
Nearly 70% of Gen X Incur Overdraft Fees for Attempting Transactions With Insufficient Funds 
December 04, 2023  |  Consumer Finance

As the economic and financial imbalances caused by the pandemic persist, access to credit has become vital for covering short-term financial needs, purchasing goods and...

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New Report Finds the Average Consumer Is Overdrawn for 9 Days
New Report Finds the Average Consumer Is Overdrawn for 9 Days
October 12, 2023  |  Consumer Finance

Present economic and financial challenges have compelled individuals from various income brackets and credit backgrounds to resort to overdrafts — a form of credit whereby...

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CFPB Says Surprise Overdraft and NSF Fees Lead to $120 Million in Refunds
CFPB Says Surprise Overdraft and NSF Fees Lead to $120 Million in Refunds
October 11, 2023  |  CFPB

Surprise overdraft and nonsufficient funds (NSF) fees account for a significant portion of the refunds to consumers by companies announced Wednesday (Oct. 11) by the...

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BofA Expands SafeBalance as Consumers Struggle With Overdrafts
BofA Expands SafeBalance as Consumers Struggle With Overdrafts
September 13, 2023  |  Banking

Bank of America is expanding the requirements of its SafeBalance checking account plan. Get the Full Story Complete the form to unlock this article and enjoy...

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Grace Periods, Proactive Approaches Help Consumers With Overdrafts and Account Management
Grace Periods, Proactive Approaches Help Consumers With Overdrafts and Account Management
September 08, 2023  |  Banking

The data show that 20% of individuals have overdrawn their accounts in the past year as they grapple with the demands of inflation, of timing...

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