Consumer Reports: CFPB Proposes New Rules to Protect Consumers From Excessive Overdraft Bank Fees
January 18, 2024
January 18, 2024
WASHINGTON, New York, Jan. 18 -- Consumer Reports issued the following news release on Jan. 17, 2024:
New rules proposed today by the Consumer Financial Protection Bureau would go a long way toward protecting bank customers who are unfairly penalized by excessive overdraft fees, according to Consumer Reports. While some banks have voluntarily stopped charging such fees in recent years, the CFPB's proposal aims to ensure that large financial institutions that continue to continue to . . .
New rules proposed today by the Consumer Financial Protection Bureau would go a long way toward protecting bank customers who are unfairly penalized by excessive overdraft fees, according to Consumer Reports. While some banks have voluntarily stopped charging such fees in recent years, the CFPB's proposal aims to ensure that large financial institutions that continue to continue to . . .