Today news
About the same in other media
Financial watchdog cracks down on bank overdraft fees
Reading now: 595
The Consumer Financial Protection Bureau is cracking down on banks charging fees for customers who overdraw their checking accounts, the bureau announced Wednesday.
The financial watchdog is planning a «range of regulatory interventions» targeting firms that rely heavily on overdraft fees as a revenue source, Rohit Chopra, director of the CFPB, said in a press call.
Overdrafts occur when customers don't have enough funds in their accounts to cover a transaction. Banks may allow the transaction
Read more on cnbc.comAbout this in other media
US Financial Stability Oversight Council identifies stablecoins and cryptos as threats to financial system cointelegraph.com /3 years ago
JPMorgan hands investment bank boss Daniel Pinto a $25m retention package fnlondon.com /3 years ago
'Buy now, pay later' stocks tumble after U.S. consumer watchdog launches probe cnbc.com /3 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
