Despite exemption, small banks still feel effect of CFPB overdraft rule

While banks with less than $10 billion of total assets would not be forced to comply with the $14 cap, many would adopt it or make other changes to stay competitive with larger banks, survey finds. Read More

Bank junk fees: Who gets hit and which institutions are the worst offenders?

Consumer complaints against big-bank junk fees are rising and federal regulations are in the works, including new rules to limit checking overdraft penalties and ... Reserve University and previously ... Read More

These 10 banks produce the most complaints about fees

At its peak, Mansfield said, “annual overdraft fee revenue alone was an estimated $12.6 billion.” The CFPB has proposed a rule to cap bank overdraft ... has been a consumer news reporter ... Read More

Court directs Texas judge to decide CFPB credit card fee case by May 10

A federal appeals court has directed a judge in Texas to decide by the end of next week whether to block the U.S. Consumer Financial Protection Bureau's new rule capping credit card late fees at $8. Read More

Bank of America must face overdraft fee refund lawsuit

U.S. District Judge Yvonne Gonzalez Rogers ruled on Wednesday that customers plausibly alleged that the bank ... U.S. Consumer Financial Protection Bureau proposed curbing overdraft fees at ... Read More

Navigating Overdraft Refunds: How to Get Refunded at Banks

Still imposed by several of the best national ... end up closing your bank account if your account is inactive or if you have significant overdraft fees. According to the Consumer Financial ... Read More

Cap on Overdraft Fees Poised to Dent Revenue at Canadian Banks

A proposal included in Canada’s federal budget this week promises to rein in the fees banks charge customers for overdrawing their accounts — a move that would provide relief for low-income clients ... Read More

The CFPB Is Cleaning Up Junk Fees

The Consumer Financial Protection ... holders with lower balances face multiple overdraft fees in a short period of time. 18 The CFPB is the only federal agency with the sole mission of protecting ... Read More

Overdraft Fees vs. Non-Sufficient Funds Fees: Understanding the Difference

Review your bank's overdraft protection policy ... fees or non-sufficient fund fees? If you do not pay overdraft or NSF fees, your bank can report this information to ChexSystems, a national ... Read More

Fed Rate Cuts Are Now a Matter of If, Not Just When

The consumer-price index rose 3. ... might settle out closer to 3% than the Fed’s 2% goal could call into question whether the central bank will be able to cut rates until much later in the ... Read More

Bank junk fees: Who gets hit and which institutions are the worst offenders?

Consumer complaints against big-bank junk fees are rising and federal regulations are in the works, including new rules to limit checking overdraft ... and previously a policy analyst with the ... Read More

Bank of America Must Face Overdraft Fee Refund Lawsuit

(Reuters) -Bank of America must face ... In January, the U.S. Consumer Financial Protection Bureau proposed curbing overdraft fees at large banks, reducing the typical $35 fee to as little as ... Read More