Bank of America, Wells Fargo scrap some overdraft fees as regulatory scrutiny grows

Photo: A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. Reuters / Carlo Allegri. Article by Elizabeth Dilts Marshall. Reuters – January 11, 2022.

NEW YORK, Jan 11 (Reuters) – Wells Fargo & Co and Bank of America (BAC.N) will no longer charge customers for bouncing checks and are adopting new policies to limit overdraft-related fees, the latest lenders to overhaul such charges amid growing regulatory scrutiny. […]

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