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The Consumer Financial Protection Bureau says the new rule would save depositors $5 billion annually. BY Reuters The U.S. watchdog agency for consumer finance on Thursday adopted new regulations capping the amount banks can charge for overdrafts, saying the rule would save depositors $5 billion annually. The new regulation, adopted over the banking industry’s vocal opposition, … Continue reading The CFPB cracks down on bank overdraft fees with this new rule
by Keith Tully January 28, 2016 Follow @RealBizRescueJanuary 28, 2016 There are several reasons why a bank may call in an overdraft. During the credit crunch a few years ago this happened on a regular basis and caused many companies financial difficulty. Banks would use reasons such as ‘your business no longer fits our risk … Continue reading Options When a Bank Calls in Your Business Overdraft
