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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.
CFPB: Overdraft fee reform will save consumers $5 billion a year in bank fees
CFPB
Director Rohit
Chopra
(L) said banks have exploited a loophole that has cost consumers billions of dollars in overdraft fees. U.S. President Joe Biden proposed the rule in January to end what he called overdraft fee exploitation. File Photo by Oliver ...
Americans set to save $5 billion annually as CFPB announces new overdraft rule
US bank stocks are in focus this morning after the Consumer Financial Protection Bureau announced a new rule that significantly limited their ability to charge an excessive overdraft fee. The regulator expects its new rule to save American consumers up to $5 billion per year.
Alabama Political Reporter
31m
Sen. Britt addresses lack of oversight at CFPB and use of funding
Britt voiced concerns with the Consumer Financial Protection Bureau, calling reform "an immediate priority for next congress" ...
American Banker
21h
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
18h
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 ...
National Mortgage News
18h
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 ...
Crowdfund Insider
20h
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 ...
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 ...
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