Sentences with phrase «financially vulnerable consumers»

Overdraft products should not be allowed to function as extremely expensive credit, particularly for financially vulnerable consumers who use it repeatedly.

Further, the cost of overdraft programs is borne disproportionately by a small share of financially vulnerable consumers.

Overdraft fees are largely incurred by only a small number of financially vulnerable consumers: Just 18 percent of account holders pay 91 percent of overdraft and NSF fees.

In practice, however, the fees incurred are often disproportionate to the original transaction amount and can place a burden on financially vulnerable consumers.

Not exact matches

Consumers — especially those who are most financially vulnerable — need protections to help them avoid expensive overdraft fees and remain viable in the banking system.

Filing a consumer proposal has given her the peace of mind that someone is available to help her at a time when she feels financially vulnerable.