Why Debit-Card Overdraft Fees Are Under Scrutiny Again

Photograph by Daniel Acker/Bloomberg

Today the new Consumer Financial Protection Bureau said it is going to take a look at debit-card overdraft fees. If it feels like deja vu, it kinda is. It’s been a year and a half since new rules changed how banks can charge for overdrafts, but the fees definitely haven’t gone away. Let us explain.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.