return2ozma@lemmy.world to News@lemmy.world · 2 years agoBillions are on the line for lenders as White House finalizes credit card late fee cap of $8www.cnbc.comexternal-linkmessage-square44fedilinkarrow-up1403arrow-down16
arrow-up1397arrow-down1external-linkBillions are on the line for lenders as White House finalizes credit card late fee cap of $8www.cnbc.comreturn2ozma@lemmy.world to News@lemmy.world · 2 years agomessage-square44fedilink
minus-squareSnot Flickerman@lemmy.blahaj.zonelinkfedilinkEnglisharrow-up27·2 years agoNot always. https://www.cutoday.info/Fresh-Today/Washington-State-Employees-CU-Paying-2.99M-To-Settle-Overdraft-Lawsuit Washington State Employees Credit Union famously lost a lawsuit over overdraft fees. You can bet your ass if it’s an accepted practice at major banks, your Credit Union can and will do similar things, if they want to.
Not always.
https://www.cutoday.info/Fresh-Today/Washington-State-Employees-CU-Paying-2.99M-To-Settle-Overdraft-Lawsuit
Washington State Employees Credit Union famously lost a lawsuit over overdraft fees. You can bet your ass if it’s an accepted practice at major banks, your Credit Union can and will do similar things, if they want to.