Business
Regions Bank Fined $7.5 Million for Illegal Overdraft Fees
KEN SWEET, AP Business Writer
NEW YORK (AP) — The Consumer Financial Protection Bureau has fined Regions Bank $7.5 million for illegally charging customers for overdraft protection.
Regions Bank, which has branches across 16 states, mostly in the South, has already refunded $49 million in overdraft fees to its customers, the CFPB said Tuesday. The agency said the Birmingham, Alabama-based bank will have to hire a consultant to determine if more customers are due refunds.
Since July, 2010 the Federal Reserve has required banks to have customers opt in before charging them for overdraft protection services. The CFPB said Regions Bank did not change its systems until July 2012, and didn’t fully comply with the rules until August 2013.
The CFPB said the fine could have been much higher if the bank hadn’t self-reported the violation to regulators.
Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Activism
Oakland Post: Week of November 13 – 19, 2024
The printed Weekly Edition of the Oakland Post: Week of November 13 – 19, 2024
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Activism
LIVE! — TOWN HALL ON RACISM AND ITS IMPACT — THURS. 11.14.24 5PM PST
Join us for a LIVE Virtual Town Hall on the Impact of Racism hosted by Post News Group Journalist Carla Thomas and featuring Oakland, CA NAACP President Cynthia Adams & other Special Guests.
Thursday, November 14, 2024, 5 p.m. – 6:30 p.m. PST
Join us for a LIVE Virtual Town Hall on the Impact of Racism hosted by Post News Group Journalist Carla Thomas and featuring Oakland, CA NAACP President Cynthia Adams & other Special Guests.
Thursday, November 14, 2024
5 p.m. – 6:30 p.m. PST
Discussion Topics:
• Since the pandemic, what battles have the NAACP fought nationally, and how have they impacted us locally?
• What trends are you seeing concerning Racism? Is it more covert or overt?
• What are the top 5 issues resulting from racism in our communities?
• How do racial and other types of discrimination impact local communities?
• What are the most effective ways our community can combat racism and hate?
Your questions and comments will be shared LIVE with the moderators and viewers during the broadcast.
STREAMED LIVE!
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Activism
Oakland Post: Week of November 6 – 12, 2024
The printed Weekly Edition of the Oakland Post: Week of November 6 – 12, 2024
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An Inside Look into How San Francisco Analyzes Homeless Encampments
Oakland Post: Week of November 13 – 19, 2024
LIVE! — TOWN HALL ON RACISM AND ITS IMPACT — THURS. 11.14.24 5PM PST
Oakland Post: Week of November 6 – 12, 2024
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Gov. Newsom Issues Executive Order to Tackle Rising Electric Bills
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‘Jim Crow Was and Remains Real in Alameda County (and) It Is What We Are Challenging and Trying to Fix Every Day,’ Says D.A. Pamela Price
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2024 Local Elections: Q&A for Oakland Unified School Candidates, District 3
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2024 Mercedes Benz GLC 43 AMG: Ultimate POV Test Drive
Unleashing Power: The GLC43 SUV with 416 HP
Why DeLorean Chose Stainless Steel: Innovations & Patents
DeLorean’s Untold Legacy
Why Driving the DeLorean is a Unique Experience
How Will the Outcome of This Election Affect the Auto Industry?
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Trump vs. Biden: EV Showdown
Election’s Auto Industry Impact
The Auto Industry’s Struggle – Recovering from COVID
Unleash the AMG Power!
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