The White House wants to limit the overdraft fees banks can charge customers. To that end, the U.S. Consumer Financial Protection Bureau (CFPB) on Wednesday (Jan. 17)...
The calendar has barely turned to a new year — and the Consumer Financial Protection Bureau (CFPB) has already had a fair share of criticism....
Overdraft fees have been a flashpoint of contention in banking for a while. Critics charge that the fees are a way to gouge consumers for...
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...
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...
Present economic and financial challenges have compelled individuals from various income brackets and credit backgrounds to resort to overdrafts — a form of credit whereby...
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...
Bank of America is expanding the requirements of its SafeBalance checking account plan. The account, introduced in 2014, lets customers manage their finances with no overdraft...
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...