The Consumer Financial Protection Bureau will seek to increase customers' awareness, and examine rising costs and banks' practice of reorganizing transactions to maximize penalties. Acting on complaints about high overdraft fees on checking accounts, the new consumer bureau launched a broad inquiry into bank practices and is seeking public input on a special disclosure box about the fees on monthly statements.
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By Jim Puzzanghera, Los Angeles Times, Los Angeles Times: Business
Wed, 02/22/2012 - 1:00am
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ChexSystems is a consumer reporting agency that has your reported banking history. Discover how ChexSystems affects your ability to open new accounts.
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The Consumer Financial Protection Bureau declared on Wednesday that customers of the burgeoning buy now, pay later industry must abide by the same federal protections as users of credit cards.
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