Consumer advisory: You’ve got options when it comes to overdraft

Today, we’re announcing an enforcement action against Alabama-based Regions Bank for charging overdraft fees to consumers who had not opted-in for overdraft coverage. We’re requiring Regions Bank to fully refund all affected consumers – hundreds of thousands of consumers have already been refunded $ 49 million in fees. We’re also fining the company $ 7.5 [...]

By |2017-05-20T11:45:03-05:00April 30th, 2015|FCRA|Comments Off on Consumer advisory: You’ve got options when it comes to overdraft

Prepaid products: New disclosures to help you compare options

Last March, we asked you to comment on possible prepaid card disclosures. Thanks to your feedback and additional consumer testing, today we’re proposing new disclosure requirements that consumers would receive before deciding to open a prepaid account. These new disclosure requirements are part of our larger prepaid accounts proposal to extend many federal consumer protections [...]

By |2017-05-20T11:45:17-05:00November 14th, 2014|News|Comments Off on Prepaid products: New disclosures to help you compare options

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