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CFPB, overdraft
CFPB announces rule limiting bank overdraft fees
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.
Crowdfund Insider
4h
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 ...
JD Supra
4h
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 ...
11h
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 ...
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
7h
CFPB takes action to ban Student Loan Pro from offering consumer financial products
The CFPB has taken action to permanently ban Student Loan Pro and its owner, Judith Noh, from offering consumer financial products or services.
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 ...
11h
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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