You Searched For "overdraft fees" and got 20 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
2 mins read
Businesses add $90 billion in surprise 'junk fees' each year, and it's starting to backfire
Businesses add more than $90 billion a year in "junk fees" to bills, per the White House Council of…
Thibault Spirlet
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
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
3 mins read
The Biden administration wants to completely ban the hidden fees that make your plane and concert tickets unexpectedly expensive
Along with a proposal to ban junk fees that "plague" consumers, the CFPB is also refunding $140 mil…
Ayelet Sheffey,Juliana Kaplan
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 new United Airlines policy cuts 'family seating fees.'
United is making it "easier than ever" for families to sit together without paying an extra fee, th…
Jacob Zinkula
2 mins read
Bank of America raked in at least $80 million by repeatedly charging some customers a $35 fee, regulators say
The bank has been ordered to refund customers $80 million in repeated fees, as it faces a $250 mill…
Matthew Loh
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
3 mins read
Credit card companies need to explain the 'exorbitant' late fees they're charging customers, says Elizabeth Warren
The bank lobby opposes regulations that could save Americans $9 billion a year in late fees. Warren…
Ethan Dodd
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
3 mins read
Companies are taking money out of your pockets with fees you might not even know about. Here's Biden's plan to prevent that.
Junk fees can "confuse or deceive consumers" by making something seem a lot more expensive than it …
Ayelet Sheffey
2 mins read
Mark Cuban is backing an app that's trying to help people avoid having to pay overdraft fees
"Your available balance doesn't represent how much a person can spend," Jason Wilk, Dave CEO told B…
Frank Chaparro
2 mins read
Regulators are going to start making banks refund your overdraft fees
"The opt-in rule and overdrafts have certainly been something the bureau has been focused on," Cara…
Ryan Gorman
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…