>The CFPB's Richard Cordray says that the agency is launching an inquiry into the policies of banks on checking account overdrafts. At issue: Do banks withdraw larger checks before smaller checks in order to run up fees? At risk: An estimated $38B in annual overdraft fees.
Cordray Announces U.S. Inquiry Into Bank Overdraft Policies By Carter Dougherty - Feb 22, 2012 12:00 AM ET
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