Tag: fees
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CFPB targets fees on real-time transaction declines
CFPB Targets Fees on Real-Time Transaction Declines The Consumer Financial Protection Bureau (CFPB) is taking a closer look at the fees imposed on real-time transaction declines by financial institutions. The move is part of an effort to protect consumers from unfair practices and promote transparency within the industry. Real-time transactions, where funds are instantly deducted…
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NAB receives USD 1.4 million fine for wrongfully charging fees
Published on: September 15th, 2023 Author: John Doe The National Australia Bank (NAB) has been hit with a hefty fine of USD 1.4 million by regulatory authorities for wrongfully charging fees to its customers. The fine comes as a result of an investigation conducted by the Australian Securities and Investments Commission (ASIC), which uncovered…