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August 5, 2022 |
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Features
Risk and Compliance News
Late fees for financial products, when charged appropriately, incentivize timely payment and good financial management, ABA and three other financial trade groups told the CFPB in response to a recent request for information.
Innovations in account registration have given fraudsters just as much convenience as customers. Although check use is not as common in the digital age, fraudsters utilize checks as a convenient medium to exploit banks and their customers.
The Consumer Financial Protection Bureau released a blog post recently that showed that overdraft revenue has increased over the past year, based on the CFPB’s analysis of Call Report data.
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