CFPB Fines Santander $10 Million for Tricking Consumers Into Overdraft Fees

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By Maureen Mahoney, Consumers Union Overdraft “protection” sounds a lot better than it really is. It’s really just a high cost, short term loan – one recent CPFB report even compared it to a 17,000% APR loan. Recognizing the problems with overdraft, since 2010 the federal government has...
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