Overdrafts

CFPB's overdraft proposal exempts the small banks that need it most

January 23, 2024 · Banking

Experts are criticizing a proposal from the Consumer Financial Protection Bureau to cut overdraft fees for the largest banks but not smaller banks as ignoring the firms that…

CFPB proposes setting maximum overdraft fees at $14 for largest banks

January 17, 2024 · Banking

Rohit Chopra, director of the Consumer Financial Protection Bureau, said that the agency’s overdraft proposal “would establish clear, bright lines and ensure customers know what they are getting…