Overdraft Fees: What's Next
June 12, 2013 9:51 AM
The Consumer Financial Protection Bureau has released a report in which it found widespread misuse of overdraft fees among banks. Agency acting director Richard Cordray warned of potential harm to consumers and indicated that action is likely. American Banker editors discuss what the CFPB found how it's likely to respond in a market worth $32 billion in revenues to the banking industry.