Overdraft

Credit Unions Urge CFPB Not To Curtail Overdraft Programs
Credit Unions Urge CFPB Not To Curtail Overdraft Programs
March 07, 2016  |  CFPB

In an effort to stem oversight efforts that would curtail overdraft programs from lenders, the National Association of Federal Credit Unions (NAFCU) has urged that...

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CFPB Targets TCF And Overdraft Practices
CFPB Targets TCF And Overdraft Practices
November 06, 2015  |  News

American Banker reported Thursday (Nov. 5) that TCF Financial may be in the crosshairs of legal action via the Consumer Financial Protection Bureau, centered on...

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Falling Overdraft Takes A Bite Out Of Banks’ Bottom Line
Falling Overdraft Takes A Bite Out Of Banks’ Bottom Line
June 17, 2015  |  News

Under pressure from new regulations and their customers, banks are seeing overdraft frees fall and taking some of their profitability down with them. While the...

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CFPB Issues Ruling Against Bank For Illegal Overdraft Fees
CFPB Issues Ruling Against Bank For Illegal Overdraft Fees
April 29, 2015  |  News

The Consumer Financial Protection Bureau announced yesterday (April 28) that it has made its first enforcement ruling against a bank that was accused of issuing illegal...

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Banks Overhaul Overdrafts
Banks Overhaul Overdrafts
October 31, 2014  |  News

The CFPB wants to take a closer look at overdraft fees, stating Monday (Oct, 27) that it tends to view overdraft as a form of...

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