💸 Overdraft/NSF Fee Down in the US
CFPB reported the bank overdraft/NSF revenue down 48% in Q4 ‘22 vs. pre-pandemic in Q4 ‘19. That is about $5.5B in savings on an annual...
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Frank Tian
May 10, 20221 min read
An Active CFPB
A dormant authority being activated by the regulator CFPB invokes the authority to examine non-bank companies. This move clearly targets...
Frank Tian
Apr 6, 20221 min read
US banks Cap the daily # of Overdraft/NSF Fees
Most US banks cap the daily # of overdraft/NSF fees to 3. Even though some could charge up to 8. The trend is to move down to 0. Source:...
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