that between 2018 and 2021 Regions was charging overdraft fees on some ATM withdrawals as well as some debit card purchases, even after the Alabama-based bank told the customers they had enough funds in their account to cover the transactions.
"Regions Bank raked in tens of millions of dollars in surprise overdraft fees every year, even after its own staff warned that the bank's practices were illegal," Rohit Chopra, director of the agency, said in a statement."Too often, large financial firms make a calculation that continuing to break the law is more profitable than following it. We have more work to do to change this mentality.
Sounds like Wells Fargo
Sounds like some rich guy will be filling bankruptcy to cover his losses and his bank account at bank of the island where you can’t get his assets.
6.2B revenue last year.. whats 191mill
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