Tagged: overdraft fees

June 6, 2026 @ 2:41 pm By Tony Zerucha  |  

A recent National Consumer Law Center report suggests steps states can take to protect consumers in the wake of relaxed federal rules on overdraft and NSF fees. Those two charges cost Americans an estimated $12 billion in 2025. Select report overdraft, NSF data Roughly 25%… Read More

April 1, 2025 @ 12:24 pm By Tony Zerucha  |  

A new report from the Financial Health Network said a new reporting requirement for credit unions reveals that the impact of overdraft and NSF fees is much higher than once thought. Early in 2024, the National Credit Union Administration (NCUA) mandated that credit unions with… Read More

December 1, 2021 @ 11:16 am By JD Alois  |  

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

February 23, 2021 @ 11:45 pm By Omar Faridi  |  

UK-based digital banking challenger Starling notes that bad relationships can be a lot of hard work. The Fintech firm has provided several reasons why it may be a good idea to “cut the ties” with your regular bank and “fall in love with easy, responsible… Read More

December 19, 2018 @ 7:37 am By JD Alois  |  

Earlier this week, the Financial Conduct Authority (FCA) announced a plan to “fix a dysfunctional market” when it comes to overdraft fees. In 2017, banks generated over £2.4 billion from overdrafts alone, with around 30% from unarranged overdrafts. These fees typically came from individuals who… Read More