overdrafts

Overdrafts Add to Consumers’ Financial Burden as Personal Bankruptcies Rise

Overdrafts Add to Consumers’ Financial Burden as Personal Bankruptcies Rise
Overdrafts Add to Consumers’ Financial Burden as Personal Bankruptcies Rise
September 12, 2023  |  Consumer Finance

The United States is grappling with record-high consumer credit card debt of over $1 trillion, raising concerns about credit insecurity for both consumers and providers....

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Overdrafts and the US Consumer: A 2023 Report
Overdrafts and the US Consumer: A 2023 Report
September 08, 2023  |  Consumer Finance

Current economic and financial conditions force consumers to tap overdrafts across income levels and credit personas. One in 5 consumers experienced overdrafts or declined transactions...

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Overdrafts, Merchant Fees And Crypto: Why You Can’t Have It Both Ways
Overdrafts, Merchant Fees And Crypto: Why You Can’t Have It Both Ways
June 01, 2021  |  Payments Innovation

Senator Elizabeth Warren’s exchange with J.P. Morgan CEO Jamie Dimon on overdraft fees has been viewed 750,000 times in the first 24 hours since the...

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UK Banks Make $3.03B In 2017 Overdraft Fees
UK Banks Make $3.03B In 2017 Overdraft Fees
December 18, 2018  |  Regulation

The Financial Conduct Authority (FCA) announced Tuesday (Dec. 18) that U.K. banks made more than $3.03 billion from charging overdraft fees last year. Get the...

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The Opportunities And Challenges Of Small-Dollar Lending
The Opportunities And Challenges Of Small-Dollar Lending
May 28, 2018  |  Bank Regulation

Responsible short-term, small-dollar loans to consumers will result in increased purchasing power, according to a paper from the American Banking Association about small-dollar lending. Get...

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Federal Appeals Court Revives Class-Action Suit Against Capital One
Federal Appeals Court Revives Class-Action Suit Against Capital One
December 01, 2017  |  Legal

A federal appeals court has revived a proposed class-action lawsuit accusing Capital One Financial Corp. of imposing illegal overdraft fees on customers. Get the Full...

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What Prepaid Card Rules Did On Their Summer Vacation
What Prepaid Card Rules Did On Their Summer Vacation
August 22, 2017  |  Prepaid

Prepaid cards have had a full year on the regulatory front, and the year isn’t over yet. Get the Full Story Complete the form to...

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