“Over the years, large banks and their consultants have concocted new junk fees for fake services that cost almost nothing to deliver,” CFPB Director Rohit Chopra said in the release. “Banks should be competing to provide better products at lower costs, not innovating to impose extra fees for no value.”

https://www.pymnts.com/news/cfpb/2024/cfpb-proposes-banning-nsf-fees-declined-real-time-payments/