Navy Fed Fined $95M for Illegal Overdraft Fees
The CFPB is ordering Navy Federal to refund more than $80 million to consumers, stop charging illegal overdraft fees, and pay a $15 million civil penalty.
Industry groups are increasingly going to bat in court for credit unions that are facing lawsuits regarding the accessibility of their websites.
In recent weeks, the Michigan Credit Union League, Cornerstone Credit Union Association, NAFCU and CUNA have all filed amicus curiae (“friend of the court”) briefs in several cases brought against credit unions under the Americans with Disabilities Act. The briefs, which are typically filed by entities that aren’t parties in a case but have a strong interest in its outcome, often provide additional information or arguments to the court for consideration.
Already have an account? Sign In Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
The CFPB is ordering Navy Federal to refund more than $80 million to consumers, stop charging illegal overdraft fees, and pay a $15 million civil penalty.
A CFPB and NCUA investigation determines VyStar ignored red flags and continued with the rollout that caused members to lose access to their accounts and funds for weeks.
White Paper
Sponsored by CPI
5 Considerations for Instant Insurance Deployment
Discover five critical factors you should consider when choosing to deploy an instant issuance solution -- all of which can affect cost, efficiency and member experience.
Study
Sponsored by Alkami
Market Study: The Application and Consumer Perception of Artificial Intelligence in Banking
This comprehensive market study dives deep into the contrasting views between financial institutions and account holders, offering critical insights that can drive your credit union's strategic decisions.
Copyright © 2025 ALM Global, LLC. All Rights Reserved.