CFPB ordered Navy Federal in November 2024 to pay $80 million to service members unfairly charged overdraft fees. CFPB ...

A group of senators says they have "profound alarm" and are demanding answers over the unprecedented decision by the government's consumer watchdog to drop its case against Navy Federal Credit Union ...

Former officials from the Consumer Financial Protection Bureau, or CFPB, are calling the watchdog's choice to let Navy ...

The Consumer Financial Protection Bureau, led by President Trump’s administration, has dropped a case against Navy Federal Credit Union.

Congress overturned a rule that would have capped overdraft fees at some banks and credit unions. Consumer Investigator ...

In the nearly six months since the Trump administration has had control of the Consumer Financial Protection Bureau, the ...

The CFPB had alleged that from 2017 to 2021, Navy Federal collected nearly $1 billion in overdraft fees and an average of $44 million a year in surprise overdraft fees. The bureau claimed that Navy ...

On July 1, the CFPB terminated two separate consent orders, one involving a federal credit union and the other involving a national mortgage servicer. Both orders stemmed from 2024 enforcement actions ...

By KEN SWEET, Associated Press. NEW YORK (AP) — Navy Federal Credit Union will no longer have to refund $80 million to servicemen and women for illegally charging them overdraft fees on their ...

How CFPB said NFCU collected overdraft fees. According to a CFPB press release issued last November, Navy Federal charged consumers $20 for most overdraft transactions through its “Optional ...

When Navy Federal entered into its settlement with the CFPB, it not only agreed to the repayments and the fine, but also to stop charging the banned overdraft fees. Both former CFPB officials who ...