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Overdraft

Consumer Financial Protection Bureau (CFPB)
National

CFPB Imposes Record Penalty on Navy Federal Credit Union for Illegal Overdraft Fees

November 10, 2024November 10, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has levied a significant enforcement action against Navy Federal Credit Union, the largest credit union in the United States, for imposing unlawful …

CFPB Imposes Record Penalty on Navy Federal Credit Union for Illegal Overdraft Fees Read More

Consumer Financial Protection Bureau (CFPB)
National

Cracking Down on Phantom Fees: CFPB Moves to Protect Consumers from Unseen Overdraft Costs!

September 23, 2024September 23, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) recently issued new guidance aimed at preventing banks from levying overdraft fees without clear consumer consent. This move targets the practice …

Cracking Down on Phantom Fees: CFPB Moves to Protect Consumers from Unseen Overdraft Costs! Read More
Funds
National

BANK PROFITEERS: How Your Bank Is Making Billions From Your Misfortune

April 3, 2024April 3, 2024 - by Maryann Pugh

WASHINGTON, D.C. — U.S. Senator Bob Casey is championing the charge to protect American consumers from the predatory practices of corporate banks. Amidst a flurry of activity, he recently dispatched …

BANK PROFITEERS: How Your Bank Is Making Billions From Your Misfortune Read More

Consumer Financial Protection Bureau (CFPB)
National

Proposed CFPB Rule Could Save Billions for Americans: An Insight into Overdraft Fees’ Loophole

January 21, 2024January 20, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has initiated a groundbreaking move to confront the rising overdraft fees that are emptying the wallets of consumers and filling the …

Proposed CFPB Rule Could Save Billions for Americans: An Insight into Overdraft Fees’ Loophole Read More
checking
National

CFPB Report Reveals Unexpected Overdraft Fees Still Catching Consumers Off Guard

December 26, 2023December 23, 2023 - by Maryann Pugh

The Consumer Financial Protection Bureau (CFPB) recently released a report revealing that despite recent changes by banks and credit unions to eliminate overdraft and nonsufficient fund (NSF) fees, a significant …

CFPB Report Reveals Unexpected Overdraft Fees Still Catching Consumers Off Guard Read More

Consumer Financial Protection Bureau Requests Information on the Impact of the CARD Act Regulations on Small Entities and the Consumer Credit Card Market
National

College-Sponsored Financial Products Often Carry High Fees, CFPB Report Reveals

December 26, 2023December 23, 2023 - by Maryann Pugh

A recent report by the Consumer Financial Protection Bureau (CFPB) has unveiled concerning details about college-sponsored financial products. The study found that many of these products, often recommended to students …

College-Sponsored Financial Products Often Carry High Fees, CFPB Report Reveals Read More
Consumer Financial Protection Bureau (CFPB)
National

Atlantic Union Bank Faces $1.2M Penalty for Illegal Overdraft Practices

December 11, 2023December 11, 2023 - by Maryann Pugh

Atlantic Union Bank has been ordered by the Consumer Financial Protection Bureau (CFPB) to refund at least $5 million in illegal overdraft fees and pay a $1.2 million penalty to …

Atlantic Union Bank Faces $1.2M Penalty for Illegal Overdraft Practices Read More

checking
Personal Finance

How to Manage a Checking Account: The Simplest Ways

August 18, 2022August 19, 2022 - by Alec Robson

If you’re like most people, you probably think managing a checking account is difficult. But it doesn’t have to be! In this article, we will discuss some simple ways that …

How to Manage a Checking Account: The Simplest Ways Read More

Trending News

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