Chester County News and Community Website
The Consumer Financial Protection Bureau (CFPB) recently issued a new circular affirming that a bank may violate federal law if it unilaterally reopens a deposit account to process transactions after …
Banks Violating Federal Law by Reopening Closed Accounts, Report Shows Read More
The Consumer Financial Protection Bureau (CFPB) recently released a special edition of its Supervisory Highlights that reports on unlawful junk fees uncovered in deposit accounts and in multiple loan servicing …
CFPB Cracks Down on ‘Junk Fees’ in Financial Services Sector Read More
The Consumer Financial Protection Bureau (CFPB) published a new report analyzing the financial profiles of Buy Now, Pay Later borrowers. While many Buy Now, Pay Later borrowers use the product …
Study Reveals Hidden Financial Risks of ‘Buy Now, Pay Later’ Products Read More
The Consumer Financial Protection Bureau (CFPB) has ordered Wells Fargo Bank to pay more than $2 billion in redress to consumers and a $1.7 billion civil penalty for legal violations …
Wells Fargo to Pay $3.7 Billion for Widespread Mismanagement of Auto Loans, Mortgages, and Deposit Accounts Read More
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
WASHINGTON, D.C. — Banks continue to rely heavily on overdraft and non-sufficient funds (NSF) revenue, which reached an estimated $15.47 billion in 2019, according to research released today by the Consumer …
CFPB Research Shows Banks’ Deep Dependence on Overdraft Fees Read More