CFPB Slaps Navy Federal Credit Union with $95 Million “Junk Fees” Penalty

CFPB Slaps Navy Federal Credit Union with $95 Million “Junk Fees” Penalty

The Consumer Protection Financial Bureau announced it had agreed with Navy Federal Credit Union on a penalty totaling $95 million for authorize positive, settle negative overdraft protection practices spanning years; CUSO Magazine’s Esteban Camargo reports.

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The Bias Within Lending: Navy Federal and An Outdated System

The Bias Within Lending: Navy Federal and An Outdated System

Navy Federal Credit Union is currently facing a lawsuit for discriminatory lending practices. But is Navy Federal a lone offender? Or is this issue industry-wide? CUSO Magazine’s Emily Claus sat down with Tim Ray, CEO of VeriFast to delve deeper into the issue and discuss industry reform.

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