Yeah, I’m a hafta opt out of that,… (overdraft “protection” racket)

Fifteen months after Minnesota-based TCF Financial revealed it could face legal action from federal regulators related to alleged unfair and deceptive overdraft practices, the Consumer Financial Protection Bureau has finally taken legal action against the bank. The CFPB on Thursday announced its latest effort to rein in financial institutions using illegal and abusive overdraft policies to…

via CFPB Says TCF Bank Made Millions From Misleading Overdraft Practices — Consumerist

Proud to announce I turned off the overdraft protection where I bank. They keep wanting me to sign up for it again. But I refuse. I wonder “why” they could feel the need to keep pestering me about it everytime I login to their website? Hmmm.

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Author: carpetbomberz

Technology news & commentary all-in-one!