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CFPB withdraws $95 million consent order against Navy Federal Credit Union
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Banking, Consumer Protection
Tuesday, July 8, 2025
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The Consumer Financial Protection Bureau has withdrawn a November 2024 consent order requiring Navy Federal Credit Union to pay $95 million for allegedly charging illegal overdraft fees through its “Optional Overdraft Protection Service,” known as “OOPS.” The reversal nullifies the bureau’s largest-ever financial penalty against a credit union.
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