CFPB ordered Navy Federal in November 2024 to pay $80 million to service members unfairly charged overdraft fees. CFPB ...

Former officials from the Consumer Financial Protection Bureau, or CFPB, are calling the watchdog's choice to let Navy ...

A group of senators says they have "profound alarm" and are demanding answers over the unprecedented decision by the ...

The CFPB had alleged that from 2017 to 2021, Navy Federal collected nearly $1 billion in overdraft fees and an average of $44 million a year in surprise overdraft fees. The bureau claimed that Navy ...

How CFPB said NFCU collected overdraft fees. According to a CFPB press release issued last November, Navy Federal charged consumers $20 for most overdraft transactions through its “Optional ...

By KEN SWEET, Associated Press. NEW YORK (AP) — Navy Federal Credit Union will no longer have to refund $80 million to servicemen and women for illegally charging them overdraft fees on their ...

The CFPB ordered NFCU to refund more than $80 million to consumers, stop charging illegal overdraft fees, and pay a $15 million civil penalty to the CFPB’s victims relief fund.. Navy Federal ...