Bank customers who use account overdrafts to tide themselves over are paying out the nose to do so, according to a new report from the Consumer Financial Protection Bureau. “Consumers often are paying ...
It happens to the best of us: life gets extra busy and you accidentally overdraw money from your checking account. Maybe you didn't have time to balance your checkbook, mindlessly overspent or didn't ...
When you use more funds than you have in your checking, savings, or money market bank account, you can end up with a negative balance. That can lead to your bank declining future transactions. If you ...
Good news you can actually use: many big banks cut or eliminated overdraft fees, and federal pressure has pushed the total cost of overdraft way down from a few years ago. You don’t get those savings ...
For the second time in seven years, Regions Bank is being penalized by the Consumer Financial Protection Bureau for charging customers with allegedly illegal overdraft fees. This time, the banking arm ...
For the second time in a decade, Regions Bank was found to have charged illegal overdraft fees, the government said Wednesday, in a settlement that will require the bank to repay $141 million to ...
An occasional overdraft notice might cause some consternation with a few people, but for the most vulnerable members of the population, millennials, renters, and those earning less than $50,000 a year ...
The Consumer Financial Protection Bureau (CFPB) has announced a $122 million settlement with TD Bank for illegal overdraft enrollment practices. TD Bank will provide $97 million in restitution to ...
Are more $38 cups of coffee on the horizon? The Consumer Financial Protection Bureau has opened a review of the decade-old federal “overdraft rule,” which regulates how banks charge fees when their ...