You Searched For "overdraft protection" 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
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
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
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
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
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
I tried out Dave Banking, the online-only checking account recently added to the Mark Cuban-backed overdraft killer, and it could give Chase a run for its money
While the market for challenger banks has become increasingly crowded, Dave banking is a little dif…
Alex Nicoll
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
Why your checking account may no longer be free
Chase Bank boss Marianne Lake warns that the pain of making up lost profits may be passed on to con…
Ana Altchek
5 mins read
Credit Karma Money Review 2023
Credit Karma Money Spend and Save Accounts do not require a minimum opening deposit, and you won't …
Laura Grace Tarpley, CEPF,Sop…
5 mins read
Gen Zers and millennials are willing to go on summer vacation at all costs. Literally.
Multiple surveys also found young people are willing to put travel plans ahead of their financial g…
Dan DeFrancesco
2 mins read
With Credit Karma, you can now receive government benefits — like Social Security — up to 5 days early
Credit Karma Money is launching a feature that will allow members to have access to government bene…
Sophia Acevedo, CEPF
4 mins read
Cash App Banking Review 2023
We review Cash App's Cash App Card, a debit card linked to a checking account, with no minimum depo…
Taylor Milam-Samuel
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
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
Bank of America staffers secretly opened credit card accounts for people without their knowledge and damaged their credit scores: regulators
For years, Bank of America employees trying to hit sales incentives would secretly take people's cr…