These carefully-phrased services sound quite nice, don’t they? But if you read the fine print carefully, you’ll discover that these programs are strategies for banks to collect fees on customers who ...
On December 12, the Consumer Financial Protection Bureau (CFPB or Bureau) announced the finalization of its rule addressing overdraft fees. The rule targets financial institutions with more than $10 ...
WASHINGTON — The Consumer Financial Protection Bureau on Wednesday unveiled long-awaited changes to how the nation's biggest banks structure overdraft protection plans. The independent watchdog agency ...
On January 17, the Consumer Financial Protection Bureau (CFPB or Bureau) issued a proposed rule with request for public comment to amend exemptions to Regulation Z so the Truth in Lending Act ...
Even as regulators crack down on abusive mortgage and credit card practices, another type of lending threatens to mire consumers in a credit trap with "courtesy overdraft".
It happens to the best of us – you spend a little more than you have, and you get hit with those awful overdraft fees. However, they may not be as pricey for long if a proposed change goes through on ...
Diccon Hyatt is an experienced financial and economics reporter. He's written hundreds of articles breaking down complex financial topics in plain language, emphasizing the impact that economic ...
The Consumer Financial Protection Bureau unveiled a highly anticipated rule proposal targeting big banks' overdraft fee practices. Since 2000, American consumers have paid an estimated $280 billion in ...
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