Overdrafts

Bank bonds holding their own; Warren’s beef with Wells

08/22/19

While bank stocks flounder, their bonds are seen as a haven against a possible recession; the senator asks bank about overdraft fees on closed accounts.

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Warren wants answers from Wells Fargo on closed-account fees

08/21/19

After a news report said the bank kept alive accounts customers thought they had closed, Sen. Elizabeth Warren told acting CEO Allen Parker in a letter that Wells is "still fundamentally broken."

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KeyBank rolls out no-fee overdraft, debit-linked savings accounts

08/05/19

The new products, along a 2% cash-back credit card, are aimed at helping customers build savings and reduce debt.

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Women pay 18% more in banking fees than men, research finds

07/29/19

Overdraft fees make up the lion's share of the $214 women pay in banking fees each year, according to a survey by the investing app Stash.

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Policymakers shouldn’t undermine existing overdraft regulations

07/18/19

The current overdraft rules could use some tweaks, but it should largely remain the same to protect consumers.

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'Let's encourage banks to join payday lenders': Comments of the week

07/11/19

Readers react to the Fed warming up to CRA reforms, criticize the Democratic presidential candidates, defend Pittsburgh as a megabank attraction and more.

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Banks take a pass on rollback of overdraft rule

07/08/19

The CFPB asked whether 10-year-old consumer protections against overdrafts are onerous or unfair, especially to smaller financial institutions, but banking industry officials largely said any changes could invite new problems.

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'What a bunch of Luddites!': Comments of the week

07/04/19

Readers react to Congress vetting Facebook's Libra, heavily debate whether to delay CECL, opine attempts to roll back overdraft laws and more.

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State AGs oppose CFPB efforts to roll back overdraft rule

07/02/19

New York Attorney General Letitia James said there is “no basis to believe” that the overdraft rule has harmed small banks and credits unions.

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As California mulls rules for payday loan alternative, rifts emerge

06/24/19

Companies that offer early access to earned wages want a regulatory framework for their fast-growing industry. But the bill under consideration in Sacramento is exposing big divisions in the sector.

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