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<blockquote data-quote="The Prowler" data-source="post: 1035673" data-attributes="member: 1301">&quot;The CFPB finalized a rule on December 12 that would require banks to limit overdraft fees — the amount charged to customers when they attempt to spend more than their balance. The agency estimated that the new rule would save Americans up to $5 billion each year, or $225 per household.&quot;How fuckin' stupid are the people at CFPB?Companies need to make a fair ROI.From the article I see they went after Well Fargo.&nbsp; $385 billion capital.&nbsp; $18 billion profit.If banks are going to lose that source of revenue, then they are going to have to make it up somewhere.&nbsp; So other fees will just have to increase.And why should people who try to spend/withdraw/cuts cheques on more than they have not be charged fees?Time to Close down the CFPB</blockquote>

[QUOTE="The Prowler, post: 1035673, member: 1301"] [I]"The CFPB finalized a rule on December 12 that would require banks to limit overdraft fees — the amount charged to customers when they attempt to spend more than their balance. The agency estimated that the new rule would save Americans up to $5 billion each year, or $225 per household."[/I] How [I]fuckin'[/I] stupid are the people at CFPB? Companies need to make a fair ROI. From the article I see they went after Well Fargo. $385 billion capital. $18 billion profit. If banks are going to lose that source of revenue, then they are going to have to make it up somewhere. So other fees will just have to increase. And why should people who try to spend/withdraw/cuts cheques on more than they have not be charged fees? Time to [SIZE=5][B]Close down the CFPB[/B][/SIZE] [/QUOTE]

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