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CFPB announces rule limiting bank overdraft fees
- thmsths 2y agoI recall reading that banks used to "reorder" transactions so as to trigger overdraft fees more often. Is this still happening?
- potato3732842 2y agoIIRC there's a rule against it now if it's not outright illegal.
- impish9208 2y agoPress release: https://www.consumerfinance.gov/about-us/newsroom/cfpb-closes-overdraft-loophole-to-save-americans-billions-in-fees/ https://www.consumerfinance.gov/about-us/newsroom/cfpb-close... Previously: https://news.ycombinator.com/item?id=42397943 https://news.ycombinator.com/item?id=42397943