Regions Bank ordered to pay $191 million for illegal surprise overdraft fees
Company: Regions Financial Corporation
Summary
CFPB found Regions Bank charged surprise overdraft fees on certain ATM withdrawals and debit-card purchases even after consumers were told they had sufficient funds. The 2022 order required at least $141 million in refunds and a $50 million penalty. Source: https://www.consumerfinance.gov/enforcement/actions/regions-bank_2022/