American Consumers Pay a $15 Billion in Overdraft Fees Annually

The Consumer Financial Protection Bureau (CFPB) wants the U.S. consumer “to know before you owe” banks overdraft fees. So how much do consumers owe? Try $15 billion, which according to the Bureau’s report last week is the amount U.S. consumers paid in overdraft fees in 2016. Although regulations require banks to get the consent of a […]