Bank Fees news and trends

CFPB Issues Guidance Targeting Banks’ ‘Phantom Opt-In Agreements’
Bank Regulation // September 17, 2024

The Consumer Financial Protection Bureau (CFPB) aims to stop banks from charging overdraft fees based on what it calls “phantom opt-in agreements” — cases in which banks claim to have customer consent to charge overdraft fees but can provide no proof. Get the Full Story...

Chase Faces Lawsuit Over Fees on Deposited Checks That Bounce
Legal // February 21, 2024

JPMorgan Chase is facing a lawsuit over fees for deposited checks that bounce. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

CFPB Faces Crucial Supreme Court Decision on Funding in 2024
CFPB // December 27, 2023

The Consumer Financial Protection Bureau (CFPB) is reportedly set to face a crucial year in 2024 as the Supreme Court’s decisions loom over its plans to reshape the banking industry’s handling of customer data and fees. Get the Full Story Complete the form to unlock...

Citi Streamlines Retail Offering as Personal Banking Income Grows 11%
Banking // August 23, 2023

Citi has introduced a series of new offerings designed to streamline its retail banking business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Quick Reads
CFPB Terminates 2022 Consent Order Against Wells Fargo

January 28, 2025
Wells Fargo has announced the termination of its 2022 consent order with the Consumer Financial Protection Bureau (CFPB) related to automobile lending, consumer deposit accounts and mortgage lending. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to […]

CFPB Issues Guidance Targeting Banks’ ‘Phantom Opt-In Agreements’

September 17, 2024
The Consumer Financial Protection Bureau (CFPB) aims to stop banks from charging overdraft fees based on what it calls “phantom opt-in agreements” — cases in which banks claim to have...

Chase Faces Lawsuit Over Fees on Deposited Checks That Bounce

February 21, 2024
JPMorgan Chase is facing a lawsuit over fees for deposited checks that bounce. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

CFPB Faces Crucial Supreme Court Decision on Funding in 2024

December 27, 2023
The Consumer Financial Protection Bureau (CFPB) is reportedly set to face a crucial year in 2024 as the Supreme Court’s decisions loom over its plans to reshape the banking industry’s...