• Regions Bank to refund $141M for illegal overdraft fees

    2 monthes ago - By Stl Today

    Regions Bank for a second time in a decade was found charging illegal overdraft fees in a settlement that will require the bank to repay $141 million to customers plus $50 million in fines. An investigation by the Consumer Financial...
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  • Regions Bank to refund $141M for illegal overdraft fees

    Regions Bank to refund $141M for illegal overdraft fees

    2 monthes ago - By Chron

    NEW YORK - Regions Bank for a second time in a decade was found charging illegal overdraft fees, the government said Wednesday, in a settlement that will require the bank to repay $141 million to customers and pay an additional $50 million in fines.
    In an investigation, the Consumer Financial Protection Bureau found that between 2018 and 2021, Regions was charging overdraft fees on some ATM withdrawals as well as some debit card purchases, even after the Alabama-based bank told the customers they had enough funds in their account to cover the transactions.
    Further the CFPB found that...
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