Santander Gets Hit With Fine Due To Overdraft Practices
PYMNTS
JULY 15, 2016
The CFPB said that, from 2010 to 2014, Santander was marketing and enrolling consumers in its “Account Protector” service designed to protect customers from overdrawing on their accounts at ATMS and on one-time debit card transactions. Customers were charged $35 per overdraft.
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