CFPB drops Navy Federal’s  million overdraft settlement

CFPB drops Navy Federal’s $95 million overdraft settlement

Adobe Stock The Consumer Financial Protection Bureau has scrapped a $95 million settlement with Navy Federal Credit Union, freeing the nation’s largest credit union from paying a $15 million fine and from refunding $80 million to service members who were illegally overcharged overdraft fees. Acting CFPB Director Russell Vought on Monday terminated the consent order […]

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