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Michigan federal court shuts down class action against Flagstar Bank for so-called “surprise ...
JD Supra· 2 days agoThe court previously dismissed the plaintiff’s conversion claim in 2021, but allowed the breach of contract claims to proceed.
Most common hidden ‘junk fees’ and how much they cost you
FOX 10 Phoenix· 11 hours agoWatch: President Biden announces new measures targeting surpriseoverdraft and NSF fees banks charge...
Federal judge temporarily halts Biden plan to lower credit card late fees to $8
San Antonio Express-News· 5 days agoIt is also a win for the U.S. Chamber of Commerce, which led the lawsuit on behalf of the banks. The...
Digital bank Chime to roll out earned wage access product
Fast Company Magazine· 12 hours agoU.S. digital bank Chime is launching a product that will allow customers to access up to $500 of...
CFPB Announces Proposed Rule Regarding Nonsufficient Funds Fees
The National Law Review· 6 days agoOn Wednesday, January 24, 2024, the Consumer Financial Protection Bureau (CFPB) announced a Proposed...
Customer satisfaction with online-only banks dwindles, study finds
Banking Dive· 19 hours agoThe promise of higher interest rates, lower fees and around-the-clock accessibility fueled a surge in new customers for online-only direct banks over the past year. “Despite significant increases ...