return2ozma@lemmy.world to News@lemmy.world · 11 months agoBillions are on the line for lenders as White House finalizes credit card late fee cap of $8www.cnbc.comexternal-linkmessage-square42fedilinkarrow-up1395
arrow-up1395external-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 · 11 months agomessage-square42fedilink
minus-squareSnot FlickermanlinkfedilinkEnglisharrow-up27·11 months 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.