The Consumer Financial Protection Bureau (CFPB) is reportedly set to face a crucial year in 2024 as the Supreme Court’s decisions loom over its plans to reshape the banking industry’s handling of customer data and fees. The CFPB, under the leadership of Director Rohit Chopra,...
Citi has introduced a series of new offerings designed to streamline its retail banking business. The new services, announced Wednesday (Aug. 23), come weeks after the banking giant reported a jump in revenue from its personal banking business. Among these services is something called “Relationship Tiers,” which Citi...
Overdraft fees have been a hot button issue in financial services. But they’re less of a revenue source for banks — significantly less — than they were not all that long ago. To that end, as reported last week by the Consumer Financial Protection Bureau...
The CFPB fined Wells Fargo a $3.7 billion fine for its handling of loans and banking programs. The record penalty, announced Tuesday (Dec. 20), exceeds the $2 billion the banking giant had set aside in anticipation of a regulatory settlement of the case. According to Consumer Financial...
February 21, 2024
JPMorgan Chase is facing a lawsuit over fees for deposited checks that bounce. In a lawsuit filed Wednesday (Feb. 21) against JPMorgan Chase, five customers accused the bank of unfairly charging fees for depositing checks that later bounced, Reuters reported Wednesday. The customers claimed that Chase charged them $12 for “deposited item returned fees” when checks they […]
December 27, 2023
The Consumer Financial Protection Bureau (CFPB) is reportedly set to face a crucial year in 2024 as the Supreme Court’s decisions loom over its plans to reshape the banking industry’s...
August 23, 2023
Citi has introduced a series of new offerings designed to streamline its retail banking business. The new services, announced Wednesday (Aug. 23), come weeks after the banking giant reported a jump in revenue...
December 20, 2022
The CFPB fined Wells Fargo a $3.7 billion fine for its handling of loans and banking programs. The record penalty, announced Tuesday (Dec. 20), exceeds the $2 billion the banking giant...
