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CFPB: ‘Enormous’ Savings for Americans by Limiting Overdraft Fees

CFPB: ‘Enormous’ Savings for Americans by Limiting Overdraft Fees

Cara Smith writes for NerdWallet. Email: cara.smith@nerdwallet.com. Twitter: @https://twitter.com/caramichelles. The article CFPB: ‘Enormous’ Savings for Americans by Limiting Overdraft Fees originally appeared on NerdWallet.

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Wells Fargo, Back in the Hot Seat, Could Face Over $1B in Fines

Wells Fargo appears to be back in the crosshairs of federal regulators, with Bloomberg reporting this month that the bank is expected to be fined more than $1 billion by the Consumer Financial Protection Bureau to settle investigations into its business practices. Details on these inquiries were not made available, and the CFPB and Wells…

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The Latest in Bank Overdraft Fee News

The Latest in Bank Overdraft Fee News

March 2022 – Huntington Bank Announces Overdraft Fee Reduction Starting July 2022 On March 8, Huntington Bank said it would be reducing its $36 overdraft fee to $15 beginning July 2022. Huntington Bank also currently has a policy of not charging overdraft fees when a customer overdrafts by $50 or less. If a customer does…

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Simple, the Popular Banking Service, Is Shutting Down

After more than a decade in business, online banking service Simple is shutting down. News reached customers by email Thursday that their bank accounts under the Simple banner will soon be transitioned to Simple’s parent company, BBVA. Accounts will continue to be housed in these FDIC-insured deposit accounts but under the full-time account servicing of BBVA…

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