CFPB Issues Blog Post Criticizing NSF Fees

The Consumer Financial Protection Bureau issued a blog post today that criticized banks that charge nonsufficient funds fees. The CFPB listed by name banks that have announced they are eliminating NSF fees and banks that have not made an announcement as of Apr. 1. The CFPB also stated that it is “closely scrutinizing whether and when charging these fees may be unlawful.”

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