HSBC and Santander UK will refund the overdraft fees of more than 115,000 customers. The Competition and Markets Authority (CMA) reported that both banks failed...
The Consumer Financial Protection Bureau (CFPB) announced that is reviewing the Federal Reserve‘s overdraft protection rule to find out if it “should be amended or...
Lloyds Banking Group is being criticized for making its overdraft fees more expensive and complicated for its customers. According to The Financial Times, on Monday...
With the government shutdown continuing, banks in the U.S. have been stepping up to help, offering forbearance on loans and the associated fees. According to...
Welcome to the Five at Five, your late look at the payments and commerce news of the day. Coverage includes a 41-month prison sentence for...
Sen. Cory Booker has proposed legislation that would prohibit financial institutions from charging overdraft fees on debit card transactions and ATM withdrawals. The bill would...
Which?, a U.K.-based consumer group, and a cross-party group of 84 MPs are taking on bank overdraft fees, demanding the Financial Conduct Authority (FCA) require...
Wells Fargo, the embattled bank, warned investors at the company’s investor day meeting Thursday (May 11) that it won’t make as much in overdraft fees...
Discover is in a forgiving mood. The payments company on Tuesday (May 8) launched a fee forgiveness program that applies to Discover’s cashback checking, savings...