The Consumer Financial Protection Bureau (CFPB) has levied a significant enforcement action against Navy Federal Credit Union ...

The nation’s largest credit union charged overdraft fees on purchases made with sufficient funds from 2017 to 2021, ...

From 2017 to 2022, Navy Federal charged customers surprise overdraft fees on certain ATM withdrawals and debit card purchases ...

Through its “Optional Overdraft Protection Service,” known as “OOPS,” Navy Federal charged consumers $20 for most overdraft ...

CFPB found that Navy Federal violated Consumer Financial Protection Act by failing to reveal peer-to-peer payment posting ...

CFPB barred Navy Federal from charging overdrafts in similar situations going forward. The credit union must also refund $80 ...

The Consumer Financial Protection Bureau (CFPB) today took action against Navy Federal Credit Union for charging illegal ...

Navy Federal Credit Union must pay more than $95 million after an investigation found it charged customers millions in ...

The Consumer Financial Protection Bureau (CFPB) has charged the US’s largest credit union for illegally charging users ...

Navy Federal Credit Union will pay a $15 million fine and return $80 million in "surprise" overdraft fees to its members to ...

National Credit Union Administration Chairman Todd M. Harper released the following statement today on the Consumer Financial Protection Bureau’s ...

On November 7, 2024, the CFPB ordered one of the largest credit unions in the nation to pay over $95 million for its practices related to ...