NPR

Regulators target fees for consumers who are denied a purchase for insufficient funds

The Biden administration wants to stop financial institutions from charging fees to customers who try to make purchases without enough money in their accounts and are immediately denied. It's the ...
The Hill

Insufficient funds: How banking overdrafts are hurting Americans’ wallets

In 2022, Americans paid over $8 billion in fees as a result of bank overdrafts and insufficient funds (NSF). Some of this total includes “junk fees,” through which banks prey on unaware consumers. But ...
Finextra

FIS and Kipp to counter the challenge of declined transactions due to insufficient funds

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This first-to-market offer is designed to combat the long-standing ...
JD Supra

Bid Protest Minute: Insufficient Funds are Grounds to Cancel

On April 29, the Government Accountability Office (GAO) denied Davenergy-VCI JV, LLC’s protest of a solicitation’s cancellation, holding that the lack of available funding is sufficient grounds to ...
JD Supra

CFPB’s Proposed Insufficient Fund Fee Rule – Narrow in Scope with Potential for Greater Impact

On January 24, 2024, the Consumer Financial Protection Bureau (CFPB or Bureau) issued a proposed rule that would prohibit covered financial institutions from imposing a nonsufficient funds (NSF) fee ...