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August 5, 2022 |
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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.
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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.
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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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