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.

By Jim DuPlessis | November 07, 2024 at 01:34 PM

Credit/Shutterstock

The CFPB said Thursday that it has fined Navy Federal $95 million for surprise overdraft fees on certain ATM withdrawals and debit card purchases from 2017 to 2022.

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Navy Fed Fined $95M for Illegal Overdraft Fees

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