Wells Fargo is one of the major banks that would be affected by a new overdraft rule proposed by the Consumer Financial Protection Bureau. (Photo by Justin Sullivan/Getty Images) Poverty is expensive in this country. Few things illustrate that truism like overdraft charges and late fees, which are often little more than outrageous penalties for not having enough money. But there are plans in the works at the Consumer Financial Protection Bureau (CFPB) to rein in these abusive practices. Overdraft fees occur when a customer attempts to withdraw more money from their account than is available, but the banking institution covers the transaction — for a fee. The CFPB is proposing rules to close
Hence then, the article about making ends meet is hard enough in this country without a penalty for coming up short was published today ( ) and is available onNC news line ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Making ends meet is hard enough in this country without a penalty for coming up short )