Bank groups sue the Consumer Financial Protection Bureau over a proposed cap on overdraft fees
Some banks and banking trade groups are suing the Consumer Financial Protection Bureau over a finalized rule that limits ...
Buffalo News3d
The White House is cracking down on overdraft fees
according to data from the Consumer Financial Protection Bureau and bank public records. Currently, there is no cap on the overdraft fees that banks can legally charge. Right now, when a bank ...
Newsweek29d
Navy Federal Credit Union To Pay $95 Million in CFPB Ruling on Illegal Overdraft Fees
On November 7, 2024, the Consumer Financial Protection Bureau (CFPB) ordered Navy Federal Credit Union to pay $95 million in fines for surprise overdraft fees it charged members. The credit union ...
AOL11d
13 common bank fees you shouldn't be paying — and how to avoid them
Banks made nearly $12 billion from overdraft fees in 2019, according to the Consumer Financial Protection Bureau. There's been a notable decline in recent years, but the revenue is still about $5. ...
Business Insider18d
Best Banks for Avoiding Overdrafts in 2024
In December 2024, the Consumer Financial Protection Bureau finalized a rule to limit overdraft fees, which could impact checking account customers. The rule could cap overdraft fees for big banks ...
Des Moines Register25d
Second Iowa bank hit with suit over controversial fees
Multiple fees charged on single overdraft, suit says In court ... 1n 2022, the federal government’s Consumer Financial Protection Bureau fined Regions Bank $191 million, finding that it ...
American Banker26d
How CFPB is cracking down on banks before Trump takes office
In the wake of President-elect Donald Trump's Nov. 5 win, change has become the only certainty on the Consumer Financial ... opponent to "junk fees" during his time in office, standing against charges ...
The Gazette27d
Coralville bank faces class action lawsuit over fees charged to customers
However, the bank will then impose a $33 overdraft fee ... In 2023, the Consumer Financial Protection Bureau criticized banks’ imposition of multiple fees on single transactions when it stated ...
Yahoo Finance18d
Elon Musk wants to "delete" the Consumer Financial Protection Bureau, shifting power to Wall Street
Elon Musk on Wednesday called for the elimination of the Consumer Financial Protection Bureau ... consumers from medical debt and limit overdraft fees. Last week, the agency finalized a rule ...
JD Supra23d
Credit Unions Put in the Crosshairs by Multiagency Efforts
The Consumer Financial Protection Bureau (CFPB) provides an excellent ... In January 2024, it proposed a rule to limit overdraft fees, and in 2022, it also issued a circular stating that overdraft ...
Hosted on MSN26d
BBB: Navy Federal ordered to pay back millions to consumers
(KNOE) - The Consumer ... to the Consumer Financial Protection Bureau.” In addition to having to pay, the BBB said Navy Federal has also been banned from charging certain overdraft fees.