overdraft fees

Overdraft Fees Plummet as Banks, FinTechs Find Value in Monetizing ‘Alerts’

Overdraft Fees Plummet as Banks, FinTechs Find Value in Monetizing ‘Alerts’
Overdraft Fees Plummet as Banks, FinTechs Find Value in Monetizing ‘Alerts’
May 31, 2023  |  Banking

Overdraft fees have been a hot button issue in financial services.  Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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OCC Says Banks Should Consider Lower-Cost Alternatives for Covering Overdrafts
OCC Says Banks Should Consider Lower-Cost Alternatives for Covering Overdrafts
April 26, 2023  |  Banking

Banks should consider offering lower-cost alternatives for covering overdrafts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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CFPB Says Surprise Overdraft Fees Are Likely Illegal
CFPB Says Surprise Overdraft Fees Are Likely Illegal
October 26, 2022  |  Bank Regulation

Getting hit with an unexpected overdraft fee might be annoying, but according to America’s top consumer advocate, it’s probably also illegal. Get the Full Story...

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Regions Bank Must Refund $141M, Pay $50M CFPB Fine for Overdraft Fees
Regions Bank Must Refund $141M, Pay $50M CFPB Fine for Overdraft Fees
September 28, 2022  |  CFPB

Charging customers with surprise overdraft fees will cost Regions Bank a total of $191 million in customer redress plus a civil monetary penalty paid to...

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Truist Debuts Digital Consumer Accounts With No Overdraft Fees
Truist Debuts Digital Consumer Accounts With No Overdraft Fees
July 18, 2022  |  Digital-First Banking

Truist Financial on Monday (July 18) rolled out two accessible account options that will extend banking services to new customers while avoiding overdraft fees, a...

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Sen. Warren Calls on Big Banks to End Overdraft Fees
Sen. Warren Calls on Big Banks to End Overdraft Fees
May 04, 2022  |  Banking

U.S. Sen. Elizabeth Warren, the Massachusetts Democrat and former presidential candidate, has started pushing for an end to overdraft fees, Bloomberg reported Wednesday (May 4)....

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Wells Fargo To Offer Bank Accounts With Capped Overdraft Fees
Wells Fargo To Offer Bank Accounts With Capped Overdraft Fees
March 03, 2020  |  Banking

Ahead of its scheduled congressional hearings in the coming week, Wells Fargo & Co. debuted the concept of two new bank accounts that set limits on the...

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Top News in Payments: UK FCA Asks Banks To Explain High Overdraft Fees; Yandex Launches 15-Minute Grocery Delivery
Top News in Payments: UK FCA Asks Banks To Explain High Overdraft Fees; Yandex Launches...
January 28, 2020  |  News

In today’s top payments news, the U.K.’s Financial Conduct Authority (FCA) is questioning banks about a recent spike in overdraft fees, Yandex launches 15-minute grocery...

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UK FCA Asks Banks To Explain High Overdraft Fees
UK FCA Asks Banks To Explain High Overdraft Fees
January 28, 2020  |  International

The U.K.’s Financial Conduct Authority (FCA) is questioning banks about recently-hiked overdraft fees, some as high as 40 percent and 10 times the cost of...

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