CFPB Slams Traditional Banks for Reliance on Overdraft Fees
The Consumer Financial Protection Bureau (CFPB) is out with a note that hammers traditional banks and their reliance on overdraft fees. Frequently the target of neobanks and other Fintechs, the overdraft fee has been criticized as the $30 cup of coffee when someone inadvertently makes… Read More
Read more in: Fintech, Opinion | Tagged cfpb, chime, consumer financial protection bureau, digital banking, lendingclub, neobanks, overdraft fees