Congress overturned a cap on bank overdraft fees, many of which exploit the desperate need of working families for short-term ...
Overdrawing your bank account isn’t fun — but it happens. When it does, one of the first questions people ask is: does overdraft affect your credit score? The short answer? Not directly. But there’s ...
The Consumer Financial Protection Bureau on Wednesday said it is proposing a rule that would curb excessive overdraft fees charged to customers of large banks and credit unions, potentially saving ...
Americans are paying far more in overdraft-related fees than previously known, with credit unions collecting almost all of the uncounted revenue, according to a new study. Processing Content U.S.
Big banks and credit unions that dominate the financial landscape would only be able to charge $5 for overdraft fees or face much tighter restrictions under a final rule by regulators. Under the ...
The Consumer Financial Protection Bureau is pushing to reduce the overdraft fees Americans are charged at banks and credit unions when they don’t have enough money in their accounts to cover spending, ...
Credit unions present themselves as the "good guys," non-profit member-run organizations incapable of engaging in predatory financial services. While this is true for many, my research has uncovered ...