You Searched For "overdraft" and got 19 results
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3 mins read
The Biden administration wants to save Americans $3.5 billion a year by making sure banks aren't profiting too much off of overdraft fees
The Americans most likely to receive an overdraft fee are also those who have difficulty paying bil…
Juliana Kaplan,Ayelet Sheffey
1 min read
Citigroup just became the biggest US bank so far to get rid of overdraft fees, which consumer advocates say disproportionately hurt low-income customers
Many other banks are also re-evaluating their overdraft and non-sufficient fund fees, which generat…
Sarah Jackson
3 mins read
Predatory banks rake in billions of dollars in overdraft fees from their poorest customers every year. The Consumer Financial Protection Bureau is trying to put a stop to it.
Over the years, banks have layered a number of financial complexities on top of their overdraft pol…
Paul Constant
2 mins read
Big banks charging Americans millions in 'exploitative' overdraft fees are about to see a crackdown from Biden's top consumer watchdog
Sen. Elizabeth Warren blasted JPMorgan's Jamie Dimon for charging $1.5 billion in overdraft fees du…
Ayelet Sheffey
2 mins read
Karnataka High Court allows Xiaomi to take overdraft for payments, restricts royalty payment
Vacation Judge Justice S. Sunil Dutt Yadav on Thursday also extended the interim order till May …
3 mins read
ICICI Bank partners with Amazon to offer ₹25 lakh overdraft facility to individual sellers and small businesses
The partnership, ICICI Bank said in a press release on Monday, would enable sellers to avail an …
4 mins read
Banks earn billions of dollars charging overdrafts fees, and the burden falls on those least able to afford it
Most banking fees fall to those who have the least ability to pay them, and it represents a signifi…
Carter Johnson,Shannen Balogh
1 min read
Ally Bank is eliminating overdraft fees, which disproportionately affect poor households and people of color
Ally Bank announced Wednesday that it is eliminating overdraft fees on all accounts, and all custom…
Aleeya Mayo
3 mins read
Banking groups argue that overdraft fee crackdown could cause greater financial hardship
US trade groups led by the American Bankers Association asked the Consumer Financial Protection Bur…
Shelagh Dolan
2 mins read
RBI extends overdraft period for state governments and union territories
The Reserve Bank of India (RBI) decided to increase the number of days wherein a state or a union t…
4 mins read
A woman says she waited in line for Taylor Swift tickets for 8 hours and was charged 14 times for tickets she never purchased freezing and overdrafting her account with almost $9,000 in charges
"So now my bank accounts (happened on multiple cards) are frozen, I'm broke, it overdrafted my acco…
Mara Leighton
7 mins read
An Oklahoma bank CEO who responded to a tweet from Mark Cuban used his advice to get cash into customers' hands in less than a week
Mark Cuban helped CEO Jill Castilla provide financial assistance to her community in a matter of da…
Laura Grace Tarpley
1 min read
RBI relaxes overdraft facility norms for states, UTs
In order to provide greater flexibility to the state governments to tide over their cashflow misma…
PTI
1 min read
RBI allows banks to issue electronic cards for overdraft accounts
"...it has been decided to permit banks to issue electronic cards to natural persons having Overdra…
PTI
2 mins read
Sen. Elizabeth Warren grilled Jamie Dimon over Chase charging nearly $1.5 billion in overdraft fees during the pandemic
The four biggest banks collected a combined $4 billion in overdraft fees from customers during the …
Dominick Reuter
2 mins read
A bill that would ban banks from charging overdraft fees during the coronavirus pandemic was introduced by House Democrats
The House Oversight and Antitrust Committees introduced a bill to ban banks from charging overdraft…
Bryan Pietsch
2 mins read
SBI cuts home loan rate; ICICI offers overdraft
SBI cuts home loan rate; ICICI cash in on the festive fervour, banks including SBI and ICICI have u…
PTI
2 mins read
I tried out Dave, the Mark Cuban-backed app that just raised $100 million and wants to kill bank overdrafts. My feelings are mixed.
The concept of tipping for a financial product may be counterintuitive, but it works similarly to h…