The Consumer Financial Protection Bureau is investigating nine leading banks over their...


The Consumer Financial Protection Bureau is investigating nine leading banks over their overdraft protection programs and their justifications for the size of their overdraft charges, Bloomberg reports. The probe, which is taking in the usual suspects, such as JPMorgan (JPM), Wells Fargo (WFC) and BofA (BAC), could be another threat to a major source of income.

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Comments (2)
  • bbro
    , contributor
    Comments (11227) | Send Message
     
    Who do you think President Romney would appoint to head up the CFPB??
    20 Apr 2012, 06:38 AM Reply Like
  • Tack
    , contributor
    Comments (16388) | Send Message
     
    It's outrageous to think that banks might make money. Those funds are desperately needed to finance Secret Service parties.
    20 Apr 2012, 06:41 AM Reply Like
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