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CFPB Targets Rarely Charged Bank Fee With 'Proactive' Ban

By Jon Hill ( January 24, 2024, 11:39 AM EST) -- The Consumer Financial Protection Bureau moved Wednesday to ban banks from charging customers a penalty for one-time payment attempts that are immediately declined because of a low account balance, a type of fee that the agency contends is rare but needs to be "proactively" contained. . . .

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