When my kids were much younger, we started a New Years' Eve tradition of writing down our predictions for the upcoming year. Our practice of forecasting the year in sports, world events, and the ...
On December 12, 2024, the Consumer Financial Protection Bureau (CFPB) issued its final “overdraft lending” rule aimed at curbing overdraft fees charged by banks and credit unions with more than $10 ...
CFPB Director Rohit Chopra called overdraft fees "a massive junk fee harvesting machine" in January when the agency proposed a rule that would set maximum fees at $14 for the largest 175 banks. The ...
Nobody likes paying fees. A fee, however, is a transparent way to reflect the price of something. And in a market economy, prices convey vital information that consumers and producers use to make good ...
As a CEO of a consumer-focused financial institution, I have witnessed firsthand the financial strain that overdraft fees place on consumers, particularly those who are already struggling to make ends ...
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