FREE PREVIEW
|
LOGIN OR SUBSCRIBE NOW TO READ THIS ARTICLE
|
CFPB issues warning on ‘reopening’ deposit accounts to collect fees
|
|
Banking, Consumer Protection
Friday, May 12, 2023
|
|
The Consumer Financial Protection Bureau released its latest circular which issues a warning to banks about the practice of “reopening” closed accounts to process transactions and apply fees. The circular confirms that engaging in such activity might put banks in violation of the Consumer Financial Protection Act.
Read on for more details.
|
TO READ THE FULL STORY
|
|
|
Already a subscriber?
Problems logging in?
Please call 330-659-6101 x 805 or email us for assistance.
|
|
Today's other top stories