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Blog: Richard Golomb, of Counsel to Anapol Weiss and Kevin Fay, of Counsel to Anapol Weiss

  • Predatory Overdraft Fees are Harming Consumers

    Jun 19, 2024

    According to estimates from the Consumer Financial Protection Bureau, Americans have paid roughly $280 billion in overdraft fees over the last 20 years. That is a staggering amount of money. The banks that charge these fees are both large and small. Their overdraft policies target low-income families that struggle to meet their monthly financial obligations. The Consumer Financial Protection Bureau found that nearly three-fourths of overdraft and related fees are paid by only eight percent of...
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