A new blog post by Gary Stein, CFPB Deposits Market Program Manager, suggests four ways consumers can avoid overdraft and NSF fees. The post appears to have been prompted by the release of 2015 data by the Federal Financial Institutions Examination Council.
The blog post provides various statistics on consumer overdraft and NSF fee revenues of the banks that, beginning in 2015, were required to break out overdraft and NSF fee revenue on their call reports. … Continue Reading