The Consumer Financial Protection Bureau (CFPB) recently issued Circular 2024-05 (Circular). The CFPB considered whether financial institutions could violate the law by charging fees for providing ...

If you spend more money than you have in your checking account, your balance will go negative, and your bank will charge you an overdraft fee. Overdraft protection is a feature offered by many banks ...

Overdraft protection has been a critical component of financial services for decades, originally instituted to provide an emergency safety net for credit union members. Since its adoption, the opt-in ...

There's a tug of war stewing between U.S. banks and a leading national consumer group, which has proposed a significant reduction in the fees lenders can charge consumers who spend more money than ...

On September 17, the Consumer Financial Protection Bureau (CFPB or Bureau) published Circular 2024-05 (Circular) addressing whether a financial institution violates the Electronic Fund Transfer Act ...

Some banks and banking trade groups are suing the Consumer Financial Protection Bureau over a finalized rule that limits overdraft fees banks can charge. The rule is part of President Joe Biden ...

Some banks and banking trade groups are suing the Consumer Financial Protection Bureau over a finalized rule that limits overdraft fees banks can charge. The rule is part of the campaign by President ...

(InvestigateTV) — When an account is overdrawn, consumers pay a high price. In 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule that would have required large banks and credit ...

Have you ever come to the end of the month and not had enough money in your bank account to pay your rent or utility bill, or pay for groceries? Our customers at Citizens Saving Bank and Trust Company ...