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

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

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

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

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

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

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

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 ...

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

The bottom line: Navy Federal Credit Union is one of the best institutions for the military. Its strongest features are probably its 24/7 live customer support and out-of-network ATM refunds.

2024 has been an eventful year for the CFPB. As we detailed in June, the CFPB survived its second constitutional challenge at the Supreme Court in CFSA v. CFPB, and “ [n]ewly emboldened, the CFPB’s ...