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Tag Archives: overdraft fees

CFPB Aims to Close Overdraft Loopholes

Overdraft fees—colloquially known as “junk fees” in most circles—cost Americans billions of dollars a year, but a proposed rule from the Consumer Financial Protection Bureau would close one avenue of racking up these charges.

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Overdraft Fees Still a Surprise to Many

Even in light of changing legislation and promises from banks to be more transparent on how and when overdraft fees occur, the CFPB has found that many Americans are still surprised by them.

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