The billions of dollars in fees that U.S. banks charge customers are being scrutinized by
The regulator, created in the aftermath of the 2008 financial crisis, is launching a broad review of what it calls “exploitive junk fees,” according to a statement issued Wednesday. In the agency’s crosshairs are credit-card charges and overdraft fees -- penalties banks impose on consumers when they withdraw more money than is available in their accounts.
Customers are signing up for financial products without knowing ...