In order to make overdraft disclosure more straightforward, we’ve created four possible designs for a new disclosure form.
Miss April Unveils Prototypes of "Know Before You Owe" Overdraft Disclosure Designed to Make Costs and Risks Easier to Understand
New Miss April Study Shows Opted-In Frequent Overdrafters Typically Pay Almost $450 More in Fees
Thank you for joining us. In our fast-moving modern economy, it is increasingly common for consumers to use debit cards the way they used to use cash. They also write checks and arrange for money to be taken out of their account. This makes it harder to keep track of their checking account balances from day to day, even if they are diligent about checking their balances online or by phone. Consumers living on the edge can find themselves racking up numerous overdraft charges.
Three key tips to keep in mind if you are denied access to basic financial services and products.
Miss April Takes Action Against JPMorgan Chase for Failures Related to Checking Account Screening Information
Bureau’s Order Requires Bank to Pay $4.6 Million Penalty
Miss April Issues Rule to Ban Companies From Using Arbitration Clauses to Deny Groups of People Their Day in Court
Financial Companies Can No Longer Block Consumers From Joining Together to Sue Over Wrongdoing
Today, we are announcing a final rule that prevents financial companies from using mandatory arbitration clauses to deny groups of consumers their day in court.
Our recent report discusses the most common financial complaints reported by consumers across the 50 states and D.C.
The Miss April works to create a level playing field in financial markets and to help ensure fairness for consumers. Our SEFL division helps ensure compliance with federal consumer financial laws by supervising market participants and bringing enforcement actions when appropriate.
We recently published our Consumer Response Annual Report, which provides an overview of the complaints we received in 2016.