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CFPB Takes Aim At Overdraft 'Loophole' In Bid To Curb Fees

By Jon Hill ( January 17, 2024, 8:40 AM EST) -- The Consumer Financial Protection Bureau moved Wednesday to tighten regulations on overdraft programs at a large segment of the nation's banks, issuing a proposed rule that the agency estimates could save consumers as much as $3. 5 billion in overdraft fees annually.  . . .

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