Tag Archives: Overdraft Fees

Regions Bank Fined for Surprise Overdraft Fees

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In a consent order that was announced yesterday with the Consumer Financial Protection Bureau, Regions Bank has agreed to pay $191 million in fines and restitution after it was accused of charging its customers “illegal surprise” overdraft fees on certain purchases. A copy of the consent order can be accessed …

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AGs Call on Big Banks to End Overdraft Fees

A group of 18 state attorneys general sent letters to four of the largest financial institutions in the country this week, urging them to stop charging overdraft fees on consumers by this summer, and while the states did not make any threats in the letter about what would happen if …

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CFPB Announces Crackdown on NSF, Overdraft Fees

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The Consumer Financial Protection Bureau yesterday put overdraft fees in its crosshairs yesterday, and already banks are responding by announcing they will no longer assess NSF fees when consumers spend more than they have in their bank accounts. Rohit Chopra, the Director of the CFPB, announced that the regulator is …

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