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banks’ overdraft fee changes show progress, but ‘it is not enough’ -Breaking


© Reuters. FILE PHOTO – The Consumer Financial Protection Bureau’s seal can be seen in Washington, D.C., U.S.A, on May 14, 2021. REUTERS/Andrew Kelly/File photo

NEW YORK (Reuters), The Consumer Financial Protection Bureau head stated Wednesday that while the recent changes made by big banks in the United States to avoid overdraft fees are a “progress, but not sufficient.”

Rohit Chopra, Director of CFPB was talking to journalists on a conference call about an agency initiative that launched Wednesday to gather public feedback regarding various bank junk fees.

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