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.
Comment on Agency to investigate overdraft fees
By Jim Puzzanghera, Los Angeles Times, Los Angeles Times: Business
Wed, 02/22/2012 - 1:00am
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