January 17, 2024
The White House wants to limit the overdraft fees banks can charge customers. To that end, the U.S. Consumer Financial Protection Bureau (CFPB) on Wednesday (Jan. 17) issued a proposal that would close an “outdated loophole” that exempts overdraft lending services from consumer protection laws. The CFPB proposal would cap fees at $3 and save consumers $3.5 billion per […]
