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Consumer Bureau Proposes Overdraft Fee Limits for Large Banks

Banking and Financial Institutions Consumer Financial Protection Bureau Consumer Protection Credit Unions Personal Finances Regulation and Deregulation of Industry

Consumer Bureau Proposes Overdraft Fee Limits for Large Banks

The options would include charging a benchmark fee, set by the bureau, that would be significantly lower than the current $35 standard.

By Stacy Cowley

Student Loan Payment Restart Troubled by Long Hold Times and Wrong Billing Statements

Consumer Financial Protection Bureau Education Department (US) Nelnet Inc Personal Finances Student Loans

Student Loan Payment Restart Troubled by Long Hold Times and Wrong Billing Statements

The Education Department reduced payments to its loan servicers as the consumer bureau spotlighted mistakes.

By Stacy Cowley

Banks Should Have Better Customer Relations When Closing an Account

Bank of America Corporation Banking and Financial Institutions Citigroup Inc Consumer Financial Protection Bureau Customer Relations JPMorgan Chase & Company Personal Finances Wells Fargo & Company

Banks Should Have Better Customer Relations When Closing an Account

When banks close checking and credit-card accounts because of “suspicious activity,” chaos and anxiety ensue. It doesn’t have to be this way.

By Ron Lieber

Citigroup Discriminated Against Armenian-Americans, Regulator Says

Banking and Financial Institutions Chopra, Rohit Citigroup Inc Compensation for Damages (Law) Consumer Financial Protection Bureau Discrimination Regulation and Deregulation of Industry Suits and Litigation (Civil)

Citigroup Discriminated Against Armenian-Americans, Regulator Says

The bank agreed to pay nearly $26 million to settle claims that its employees denied an immigrant community in Southern California fair access to its credit cards.

By Emily Flitter