Agency To Investigate Overdraft Fees

The Consumer Financial Protection Bureau will seek to increase customers' awareness, and examine rising costs and banks' practice of reorganizing transactions to maximize penalties. Acting on complaints about high overdraft fees on checking accounts, the new consumer bureau launched a broad inquiry into bank practices and is seeking public input on a special disclosure box about the fees on monthly statements.

BING NEWS:
  • Bank groups sue the Consumer Financial Protection Bureau over a proposed cap on overdraft fees
    Some banks and banking trade groups sued the Consumer Financial Protection Bureau over a finalized rule that limits overdraft fees banks can charge. The rule is part of President Joe Biden ...
    12/12/2024 - 8:43 am | View Link
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