overdraft fees

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
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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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  |  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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