Big banks and a credit union earned nearly $3.5 billion from overdraft fees in 2024, with Chase, Wells Fargo and Navy Federal ...

The Consumer Financial Protection Bureau, or CFPB, is a federal agency that helps protect consumers from financial harm. For ...

According to the CFPB, current regulation “sets forth a safe harbor of $30 generally for penalty fees, except that it sets ...

Overdraft fees have been on the decline, but a new Senate decision could herald their comeback. See which banks stand to win.

The CFPB dropped a lawsuit against Zelle, JPMorgan, Bank of America and Wells Fargo on Tuesday. The lawsuit alleged the banks did not sufficiently protect customers from fraud on Zelle.

The CFPB's lawsuit said not all of those were legitimate, and customers of JPMorgan, Bank of America and Wells Fargo who use Zelle lost a collective $870 million on the platform over the last ...

Wells Fargo has checked more boxes in its progress toward fixing ... The OCC's 2018 order was accompanied by a $500 million fine, and came in coordination with a consent order from the CFPB. The CFPB ...

The bureau also levied $5 billion in civil monetary penalties. In recent years, the CFPB has ordered: Wells Fargo to pay $3.7 billion for “widespread mismanagement” of auto loans, mortgages ...

The bureau’s measure to cap overdraft at $5 is a House vote and presidential signature away from being repealed.

But a filing in the U.S. District Court for the District of Arizona on Tuesday indicated that the CFPB was dismissing its lawsuit against EWS, Bank of America, JPMorgan Chase and Wells Fargo with ...