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CFPB announces rule limiting bank overdraft fees
CFPB announces rule limiting bank overdraft fees; trade group sues in response
The Consumer Financial Protection Bureau announced the final version of a rule limiting banks' ability to charge overdraft fees. It says the rule will save American consumers $5 billion annually. The CFPB said its overdraft rule will take effect Oct.
CFPB: Overdraft fee reform will save consumers $5 billion a year in bank fees
Consumers will save up to $5 billion in bank and credit union overdraft fees each year in a reform finalized Thursday by the U.S. Consumer Financial Protection Bureau.
Goodbye Junk Fees, Hello Transparency: CFPB Curbs Overdraft Fees
CFPB’s new rule ends overdraft profits. Big banks must cap fees at $5, use cost-basis or fully disclose terms, saving US Americans billions each year.
14h
CFPB’s Chopra sidesteps resignation question
When asked by lawmakers whether he would resign Jan. 20, CFPB Director Rohit Chopra said he serves a five-year term but that ...
JD Supra
7h
CFPB analyzes borrower challenges in the first seven months of student loan repayments
On November 26, the CFPB published a report that provided an analysis of the first seven months following the resumption of federal student ...
Crowdfund Insider
6h
CFPB Targets Overdraft Fees, House Financial Services Committee Says Not So Fast
The Republican-controlled House Financial Services Committee said via X that this "eleventh-hour final rule governing ...
6d
on MSN
CFPB issues order placing Google under supervision, sparking lawsuit
The tech firm sued to block the federal watchdog agency’s move, claiming it was regulatory overreach.
JD Supra
10h
CFPB proposes FCRA rule with potential implications far beyond the stated focus on data brokers
The CFPB has proposed a rule that it promotes as ensuring that Fair Credit Reporting Act (FCRA) protections are applied to sensitive ...
6d
on MSN
CFPB sues Comerica Bank over allegations of failing disabled and older Americans
Regional lender Comerica Bank faces allegations it systematically mistreated millions of mostly disabled and older customers ...
13h
Elon Musk should keep his hands off the CFPB
With US national debt exceeding $36tn, I welcome Donald Trump’s naming of Elon Musk to take a fresh look at unnecessary government spending in co-leading the new Department of Government Efficiency ...
6d
on MSN
CFPB Moves to Supervise Google Payments Under New Rules
The move by the agency came after large tech companies rapidly became consumer-payments giants thanks to their payment ...
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