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MyChesCo

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Overdraft

Consumer Financial Protection Bureau (CFPB)
National

Banks Violating Federal Law by Reopening Closed Accounts, Report Shows

May 15, 2023May 14, 2023 - by MyChesCo

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

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

CFPB Cracks Down on ‘Junk Fees’ in Financial Services Sector

March 12, 2023March 11, 2023 - by MyChesCo

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
ecommerce
National

Study Reveals Hidden Financial Risks of ‘Buy Now, Pay Later’ Products

March 5, 2023March 4, 2023 - by MyChesCo

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

Wells Fargo Bank
National

Wells Fargo to Pay $3.7 Billion for Widespread Mismanagement of Auto Loans, Mortgages, and Deposit Accounts

December 26, 2022December 24, 2022 - by MyChesCo

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
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

Bank
National

CFPB Research Shows Banks’ Deep Dependence on Overdraft Fees

December 2, 2021December 2, 2021 - by MyChesCo

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

Trending News

  • How to Keep Your Mind Sharp as You Age: A Six-Step Guide

  • Chester County Braces for Rainfall and Breezy Conditions, Brighter Days Ahead

  • Roadway Construction Scheduled on U.S. 322 (West Chester Bypass) in Chester County

  • Resurfacing Operations Scheduled on I-76 Ramps and Other State Highways in Philadelphia, Chester, Montgomery Counties

  • Introducing the Next Superintendent of Schools for West Chester Area School District

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