Republicans have long targeted the Consumer Financial Protection Bureau for elimination. It survives, for now, but has ...

In the nearly six months since the Trump administration has had control of the Consumer Financial Protection Bureau, the ...

CFPB ordered Navy Federal in November 2024 to pay $80 million to service members unfairly charged overdraft fees. CFPB ...

Navy Federal Credit Union will not pay a $15 million fine or $80 million in restitution to service members who were illegally charged surprise overdraft fees when their accounts had sufficient funds.

In a now-removed news release, the CFPB had explained that, between 2017 and 2021, Navy Federal collected nearly $1 billion in overdraft fees.

Consumer Financial Protection Bureau dismisses $95M overdraft case vs. Navy Federal Credit Union The credit union will no longer have to refund servicemen and women for illegally charging them ...

The CFPB dismissed an order requiring NFCU to refund $80 million to consumers, stop charging illegal overdraft fees, and pay a $15 million civil penalty to victims relief fund.

Navy Federal Credit Union will no longer have to refund $80 million to servicemen and women for illegally charging them overdraft fees on their accounts, , after the Consumer Financial Protection ...

Under its previous settlement, Navy Federal would have needed to pay a $15 million fine to the CFPB and refund $80 million in illegally paid overdraft fees.