“Banks should be competing to provide better products at lower costs, not innovating to impose extra fees for no value. The CFPB will continue to rid the market of junk fees today and prevent new junk fees from emerging in the future,” said CFPB Director Rohit Chopra.
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The Mystery of Overdraft Fees
Overdraft and NSF fees are still hitting consumer’s bank accounts, to their surprise, every year to the tune of billions of dollars according to the Consumer Financial Protection Bureau.
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