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CFPB caps overdraft fees at $5
CFPB announces rule limiting bank overdraft fees
The Consumer Financial Protection Bureau on Thursday 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.
CFPB caps overdraft fees at $5 without APR disclosure
In a final rule to be released Thursday, the Consumer Financial Protection Bureau would allow banks to either charge $5 for overdraft fees or another amount commensurate with costs. Banks could also charge more if they disclose the fees' annual percentage rate of interest to customers.
CFPB closes 'loophole' that nets big banks billions in overdraft fees
The Consumer Financial Protection Bureau is closing a loophole that it says allowed big banks to profit heavily from overdraft fees. A new rule targets ban
American Banker
20h
CFPB's Chopra says he won't resign, but he will leave
In testimony before the Senate Banking Committee Wednesday morning Consumer Financial Protection Bureau Director Rohit Chopra ...
ConsumerAffairs
16h
CFPB's Chopra won't resign prior to Trump's inauguration
The days are dwindling down to a precious few for political appointees in Washington, as the incoming Trump Administration ...
Crowdfund Insider
18h
The CFPB Should Be Investigating Banks that Debanked Individuals and Firms
Today, the Consumer Financial Protection Bureau (CFPB) testified before the Senate Banking Committee. Chairman Rohit Chopra ...
National Mortgage News
16h
Lender group turns to CFPB to stop trigger leads
Now that the legislation has been taken out of a budget bill, the Community Home Lenders of America argues for a regulatory ...
Hosted on MSN
1d
CFPB Distributes $1.8 Billion to Consumers Harmed by Unlawful Credit Repair Practices
The Consumer Financial Protection Bureau (CFPB) has announced the distribution of $1.8 billion to 4.3 million consumers who ...
RealClearMarkets
1d
The CFPB's Data Broker Rule Just Begs for DOGE Analysis
To the relief of many taxpayers and consumers, the incoming administration is set to stop the endless regulatory waste and ...
HousingWire
20h
CHLA urges CFPB action on trigger leads after legislative effort fails
Following the removal of a defense spending bill provision that would've banned mortgage trigger leads, CHLA is turning to ...
5d
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.
Hosted on MSN
17h
‘Regulatory Nightmare’: Sen. Britt Grills CFPB Director on Scams and Oversight
At a Senate Banking Hearing, Sen. Katie Britt questioned CFPB Director Rohit Chopra on the agency’s structure, accountability ...
HousingWire
1d
CFPB commences rulemaking for elder financial abuse
With limited time remaining in the Biden term, the CFPB is aiming to issue a final rule on coerced debt impacting seniors and ...
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