CFPB RIP” was Elon Musk’s tweet on Feb. 7, when the billionaire was slashing his way through federal agencies at the behest ...

CFPB ordered Navy Federal in November 2024 to pay $80 million to service members unfairly charged overdraft fees. CFPB ...

Congress overturned a rule that would have capped overdraft fees at some banks and credit unions. Consumer Investigator ...

The CFPB had alleged that from 2017 to 2021, Navy Federal collected nearly $1 billion in overdraft fees and an average of $44 million a year in surprise overdraft fees. The bureau claimed that Navy ...

Judges and lawmakers have now reversed many of former President Joe Biden's attempts to restrict companies from practices his administration said hurt consumers.

In the nearly six months since the Trump administration has had control of the Consumer Financial Protection Bureau, the ...

When Navy Federal entered into its settlement with the CFPB, it not only agreed to the repayments and the fine, but also to stop charging the banned overdraft fees. Both former CFPB officials who ...

NEW YORK (AP) — Navy Federal Credit Union will no longer have to refund $80 million to servicemen and women for illegally charging them overdraft fees on their accounts, after the President ...

How CFPB said NFCU collected overdraft fees. According to a CFPB press release issued last November, Navy Federal charged consumers $20 for most overdraft transactions through its “Optional ...

The case dates from late 2024 and deals with an issue known as “authorized positive overdraft fees," which happen when a ... Navy Federal defended its use of overdraft and supported the CFPB's ...

Navy Federal Overdraft FILE - The exterior of a Navy Federal Credit Union is seen on Aug. 7, 2012, in Winchester, Va. (Scott Mason/The Winchester Star via AP, File) (Scott Mason/AP) ...