Mastodawn

Canada caps certain bank fees and here's how much you can save
People in Canada no longer have to worry about being charged a hefty bank fee as a new government measure kicks in on Thursday, March 12.The federal government has implemented a cap on the fee that Canadian banks can charge for non-sufficient funds (NSF).Banks charge NSF fees when a cheque or pre-authorized debit (PAD) payment is declined due to...
https://www.blogto.com/city/2026/03/canada-caps-certain-bank-fees-how-much-you-save/

lemon 6d ago

New federal rules limiting non-sufficient funds fees to $10 kick in Thursday

https://ground.news/article/new-federal-rules-limiting-non-sufficient-funds-fees-to-10-kick-in-thursday?utm_source=mobile-app&utm_medium=newsroom-share

New federal rules limiting non-sufficient funds fees to $10 kick in Thursday

New rules are now in effect limiting the amount that banks can charge customers who don’t have enough money in their accounts to cover a cheque or other pre-authorized charge.

Ground News

Global News National 6d ago

Non-sufficient funds fees are now being limited to $10 under new rules
The changes were announced by Ottawa last year and kicked in on Thursday, also prohibit banks from charging more than one NSF fee in two business days for the same deposit account.
#Canada #Money #Banking #nonsufficientfund
https://globalnews.ca/news/11727258/limits-on-account-charges-ten-dollars/

blog.TO Mar 3

Canadian banks capping certain hefty fees for customers
People in Canada soon won't have to worry about being charged a hefty bank fee for having insufficient funds in their account.This month, the federal government is implementing a cap on the fee that Canadian banks can charge for non-sufficient funds (NSF).Banks charge NSF fees when a cheque or pre-authorized d...
#bankfees #finance #government #Canada
https://www.blogto.com/city/2026/03/canadian-banks-capping-certain-hefty-fees-customers/

Political Bill SC Jan 18

If Trump were legitimately interested in protecting consumers, why then did he cancel caps on bank overdraft fees last year? Why is he also dismantling the Consumer Protection Bureau?

This contradictory chaos is like kidnapping the leader of a foreign country on drug trafficking charges days after pardoning and releasing one the largest convicted drug traffickers in history!

#BankFees #CreditCardFees

https://finance.yahoo.com/news/trump-call-10-credit-card-143014438.html

Trump’s call for 10% credit-card cap aims at banks’ crown jewels

After a week of jarring markets with announcements aimed at making homes more affordable, the president swiveled to another consumer burden: the cost of...

Yahoo Finance

Tony Wideman Jan 13

Do you hate BANK FEES and OVERDRAFTS? I do too
https://tonywideman.com/what-is-chime-bank-100-sign-up-bonus #BankFees

What Is Chime Bank $100 Sign-Up Bonus? - Tony Wideman % % %

What is Chime Bank’s $100 bonus? Chime Bank is changing how people feel about online banking and helping its customers get ahead in more ways than one. Chime Bank partners...

Tony Wideman

News Beep Jul 28, 2025

Banks to refund $60m of ‘excessive’ fees but CommBank withholds $270m

Thousands of Australians wrongly slugged more than $60 million in excessive bank fees could soon get a refund,…
#NewsBeep #News #Headlines #alangray #asic #AU #Australia #Bankfees #bankwest #CommonwealthBank #eligibleforrefunds #excessivebankfees #kimberleynews #wanews
https://www.newsbeep.com/25340/

DoomsdaysCW Jul 15, 2025

Advice from the #CFPB helped me to beat a bad debt that wasn't mine in court (I was my own lawyer). Armed with pertinent questions for the debt owner, I was able to prove that it wasn't my debt. But I wouldn't have been able to do it without that information (not without hiring a lawyer, which could end up costing more than the debt)!

Workers at the CFPB watch hopelessly as the GOP undoes their work

By KEN SWEET
Updated 7:27 AM EDT, July 15, 2025

NEW YORK (AP) — "The lights are on at the Consumer Financial Protection Bureau across the street from the White House, and employees still get paid. But, in practice, the bureau has been mostly inoperable for nearly six months. CFPB employees say they essentially spend the workday sitting on their hands, forbidden from doing any work by directive from the White House.

"The bureau is supposed to be helping oversee the nation’s banks and financial services companies and taking enforcement action in case of #wrongdoing. Instead, the situation is Kafkaesque: the main function seems to be undoing the #rulemaking and law enforcement work that was done under previous administrations, including in President Donald Trump’s first term.

"American consumers can no longer look to the bureau for help when it comes to their checking account, credit card, #PaydayLoan, auto loan or #mortgage. Trump has neutered the watchdog, employees say, the culmination of a yearslong effort by Republicans who felt the agency often went overboard in its efforts."

#ConsumerProtection #TrumpSucks #USPol #CorporateColonialism #PaydayLoanSharks #Debt #IdentityTheft #BankFees #CollectionAgencies

Workers at the CFPB watch hopelessly as the GOP undoes their work

Once a powerful watchdog for financial wrongdoing, the Consumer Financial Protection Bureau has seen its enforcement efforts grind to a halt under the Trump administration. Employees report being unable to perform their duties, and investigations into financial misconduct are being undone. Financial institutions like Navy Federal Credit Union and Toyota Financial have had penalties rescinded, leaving harmed customers without restitution. The new budget law passed by Congress earlier this month cuts the CFPB’s funding by roughly half, meaning the bureau will be forced into mass layoffs.

AP News

Clear Angle News Jul 15, 2025

Trump freezes consumer watchdog. CFPB staff idle, refund deals erased, complaints down 80%. Oversight gap or needed deregulation? Read more: zurl.co/0o8KG #CFPB #BankFees #USPolitics

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Nonilex Jun 24, 2025

The increased consumer costs from the CFPB's rollback of #regulations on #BankFees, wholesale dismissal of cases against #banks & other #lenders & the failure to disburse funds for harmed #borrowers run counter to Trump's pledges to ease the cost of living, acc/to #Student Borrower Protection Center & #Consumer Federation of America.

Since #Trump took control of the #CFPB in Feb, calling for its elimination, admin ofcls have sought to reduce the workforce by about 90% & curtail its oversight.