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Consumer Finance Protection Bureau

Regions Bank Fined $7.5 Million for Unlawful Overdraft Practices

Today, Regions Bank was fined $7.5 million by the Consumer Financial Protection Bureau for unlawfully charging thousands of consumers for overdraft protection. The bank also charged overdraft and non-sufficient funds fees on its deposit advance product when they had promised consumers these fees would not be levied. This is the first action by the CFPB