For various reasons, some of the biggest U.S. banks are walking away from billions of dollars they make charging customers for bounced checks and overdraft fees.Several recommended that I talk to the Consumer Bankers Association, which represents big banks.
He called Chopra’s remarks “reckless rhetoric without clarity and context.” His comments “sow confusion for consumers and undermines the integrity of the very institutions the bureau should be working with to successfully deliver on its mission.” Misrepresented minimum payments consumers owed and the amount of interest consumers paid. Violated the 2015 order. $35 million. Chopra said it’s not only banks that see large fines as the cost of business. Big Pharma and Big Tech play the same game with regulators.