Overdraft protection policies exceed the limit

When the Consumer Financial Protection Bureau (CFPB) sued TCF National Bank in January, it charged that the Wayzata, Minn.-based bank was “tricking consumers into costly overdraft services.” According to the CFPB suit, the alleged “trick” involved an application process designed to obscure overdraft fees and make them seem mandatory for new customers opening an account. In fact, Read More

By |2020-05-27T17:59:44-05:00May 30th, 2017|Comments Off on Overdraft protection policies exceed the limit

The rules of deregulation: How banks can make the most of a Dodd-Frank repeal

More than 25 years ago, Bill Gates declared: “Banks are dinosaurs." I would argue that the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010 is quickly reducing them to fossil fuel status. In his first 100 days in office, Donald Trump acted on his campaign promise to dismantle Dodd-Frank by signing an executive order that Read More

By |2020-05-27T17:59:46-05:00April 25th, 2017|Comments Off on The rules of deregulation: How banks can make the most of a Dodd-Frank repeal