You could save $200 per year thanks to the CFPB’s new cap on overdraft fees
As part of an ongoing effort to combat “junk fees” charged by banking institutions, the Consumer Financial Protection Bureau (CFPB) has issued a ruling that could save American consumers up to $5 billion per year—that’s approximately $200 per household.
If They Get Their Way, CFPB To Drop Bank Overdraft Fees To $5
The limit on fees that banks and credit unions impose on clients whose account balances are insufficient to cover transactions would save U.S. consumers $5 billion every year, the federal agency said in a Dec.12, 2024, press release announcing its final ruling on the overdraft policy.
Capital One sued by CFPB for allegedly cheating customers out of $2 billion
The U.S. Consumer Financial Protection Bureau is suing Capital One, claiming the company cheated customers out of $2 billion by misleading them.
Capital One cheated customers out of $2 billion by keeping deposits in lower-yield accounts, CFPB says
The Consumer Financial Protection Bureau is suing Capital One, which it says kept customers in the dark about higher-yielding savings accounts.
Capital One cheated customers out of billions, says lawsuit
Capital One (COF) , one of the largest banks in the U.S. with over 100 million customers, recently saw a boost in profits. The company’s third-quarter earnings report for 2024 revealed that it generated a total net revenue of $10 billion,
Capital One Is Sued by CFPB. Why It Won’t Affect Discover Acquisition.
The Consumer Financial Protection Bureau is accusing the bank of illegally misleading millions of customers about its savings accounts.
Capital One sued by US watchdog alleging bank cheated customers out of $2 billion
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The CFPB vs. Checking Accounts
One example is the Consumer Financial Protection Bureau’s attempt to redefine checking accounts to make it harder for banks to charge overdraft fees. It’s bad for banks, and especially for ...
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What Is Overdraft Protection & How Does It Work?
What Is Overdraft Protection & How Does It Work? Your email has been sent Discover what overdraft protection is, how it works, and whether it’s right for you. Learn the benefits and potential ...
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OVERDRAFT RELIEF? Consumer advocates in Indiana hope new federal rule lowering bank fees inspires Hoosier lawmakers to offer similar help
By Marilyn Odendahl The Indiana Citizen January 9, 2025 Anti-poverty advocates in Indiana are hoping a new federal rule that ...