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Banks rely on the fact that most people either won't notice overdraft fees or won't have the time and energy to dispute them.
The Consumer Financial Protection Bureau has passed a rule limiting overdraft fees banks can charge, continuing the Biden administration's crackdown on junk fees that affect consumers on everyday ...
The CFPB, which initially proposed a crackdown on such fees in January, maintains that banks are charging excessive overdraft fees by exploiting a loophole that exempts overdraft lending services ...
The Biden administration announced the crackdown on overdraft fees in January as part of a larger crusade against excessive fees in the banking industry. “For too long, some banks have charged ...
New York Governor Kathy Hochul’s massive budget passed the state legislature late Thursday, paving the way for a bundle of ...
Biden Jr.’s presidency to fall. Congress voted last week to strike down the $5 cap on most overdraft fees approved by the Consumer Financial Protection Bureau late last year. President Trump is ...
"Most debit card overdrafts are less than $26, far below the typical fee and are repaid within three days resulting in the ...
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