"For far too long, the largest banks have exploited a legal loophole that has drained billions of dollars from Americans' deposit accounts," said CFPB Director Rohit Chopra, emphasizing the need for regulatory action against excessive fees.
"The new rule updates federal regulations for banks with more than $10 billion in assets. It provides those banks with options for lowering overdraft fees, including capping them at $5," illustrating the significant changes being implemented.
Collection
[
|
...
]