Expect the CFPB to scrutinize overdrafts, payday lending, prepaid cards, auto loans and mortgage lending.
Lower overdraft fees and expanded opt-in are possible provisions of a new overdraft rule, expected from the CFPB mid-year.
The $100M Heritage Grove FCU designs debit card to woo Millennials.
Finance website predicts the CFPB will require institutions to prove ability to repay before offering overdraft protection.
Study on overdrafts caused by debit transactions also finds courtesy pay services drastically increase fees paid by consumers.
CFOs share how they plan to offset reduced non-interest income now that the mortgage refi market has cooled.
If you’re going to overdraw your checking account by $100 or less, your most cost-effective bet is to borrow money from a payday lender, not to use an overdraft service or let your check bounce.