CFPB Targets Overdraft Fees, House Financial Services Committee Says Not So Fast
The Consumer Financial Protection Bureau (CFPB) has announced a final rule that addresses the overdraft system for consumers who need credit beyond an existing balance. The new rule allows large banks several options for overdrafts: They can choose to charge $5; To offer overdraft as… Read More
Read more in: Politics, Legal & Regulation | Tagged cfbp, house financial services committee, icba, overdrafts