The Consumer Financial Protection Bureau has announced that it will look into whether consumers are being harmed by overdraft fees charged by banks. "With today's technologies, consumers have more opportunities to access their checking accounts and cause overdrafts," said Richard Cordray, director of the CFPB. "But overdraft practices have the capacity to inflict serious economic harm on the people who can least afford it. We want to learn how consumers are affected, and how well they are able to anticipate and avoid paying penalty fees."

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