Are you still paying overdraft fees? Bank of America BAC said this month that it plans to end its $35 “non-sufficient funds” fees next month, and will reduce overdraft fees to $10 from $35, starting ...
The Consumer Financial Protection Bureau (CFPB) said it has closed a loophole on overdraft fees — limiting banks’ ability to charge them and potentially saving households hundreds of dollars. The ...
A year ago, the Federal Reserve started requiring banks to get customers' explicit permission to overdraw their checking accounts when using debit cards. Now, if you don't opt in to the bank's ...
The CFPB rule would apply to banks with more than $10 billion in deposits. Banking customers could save up to $5 billion per year on overdraft fees under a new rule finalized Thursday by the Consumer ...
In her piece, Gensler explores a few crafty banking practices I didn’t realize existed. She shows just how easy it is for online banking customers to get whipsawed by overdraft fees. I naively thought ...
Citigroup is saying goodbye to overdraft fees, making it the biggest US bank to pledge to eliminate the controversial charges. By this summer, Citi plans to get rid of overdraft fees, non-sufficient ...
Are you thinking of signing up for "courtesy" overdraft protection linked to your debit card? Hold off, until you've read this column. Those fees are protection, all right -- a protection racket. A ...
Customers who opt in to bank account overdraft protection save less. June 11, 2013 — -- Many banks reap huge profits in overdraft fees by allowing customers to overdraw their checking accounts, ...
A growing focus on consumer financial health is driving both banks and regulators to change overdraft practices and rethink longstanding business models. Starting last year and picking up steam in ...