The Consumer Financial Protection Bureau found that some consumers use overdraft fees as a form of credit, even if they have access to less expensive options like a credit card. Consumers with ...

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A new report from the Financial Health Network said a new reporting requirement for credit unions reveals that the impact of overdraft and NSF fees is much higher than once thought. Early in 2024, the ...

In 2022, Americans paid over $8 billion in fees as a result of bank overdrafts and insufficient funds (NSF). Some of this total includes “junk fees,” through which banks prey on unaware consumers. But ...

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Three Senate Democrats pressed 21 credit unions on their ...

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Credit unions present themselves as the "good guys," non-profit member-run organizations incapable of engaging in predatory financial services. While this is true for many, my research has uncovered ...

Since the start of the new year, the Consumer Financial Protection Bureau (CFPB) has been busy proposing rules targeted at eliminating or significantly restricting the ability of banks to assess fees ...

Across the nation, major U.S. banks have reduced, limited or even eliminated overdraft fees in recent years. That's partly in response to pressure from consumer advocates, consumers and legislators ...

A non-sufficient funds (NSF) fee charge happens when you write a check from your account and don’t have enough funds to cover the transaction. It may also be referred to as an NSF return fee. Explore ...