The Consumer Financial Protection Bureau unveiled
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Posted On: 01/17/2024 5:16:33 AM
The Consumer Financial Protection Bureau unveiled a highly anticipated rule proposal targeting big banks’ overdraft fee practices.
Since 2000, American consumers have paid an estimated $280 billion in bank overdraft fees, according to CFPB data.
“Banks call it a service—I call it exploitation,” said President Joe Biden.
Since 2000, American consumers have paid an estimated $280 billion in bank overdraft fees, according to CFPB data.
“Banks call it a service—I call it exploitation,” said President Joe Biden.
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