Overdraft Lawsuit Against DCU to Move Forward
Marlborough-based Digital Federal Credit Union will face a class action lawsuit that alleges the $8.5 billion asset institution unjustly charged overdraft fees, a federal judge ruled last week.
CFPB Seeks To Improve Overdraft Disclosure
The Consumer Financial Protection Bureau today unveiled new Know Before You Owe overdraft disclosure prototypes designed to improve the model form that banks and credit unions already provide to consumers weighing overdraft coverage.
