bankingdive21m
NY would bar banks from charging fees on overdrafts of less than $20
A proposal targets “authorize positive, settle negative” charges and duplicative nonsufficient funds fees, but it would only apply to state-chartered banks.
American Banker26m
Auto repos by third-parties spiked after pandemic: CFPB
The Consumer Financial Protection Bureau found that auto lenders' use of reposession agents spiked to nearly 70% in 2022, up from 31% in 2018, resulting in higher costs for consumers.
CFPB head braces for a potential dismissal after Trump’s return
Chopra remains one of the more important regulators from the Biden administration who's still on the job as Trump cleans house.
JD Supra47m
CFPB Proposes Interpretive Rule Clarifying EFTA Application to Crypto and Other Emerging Payment Mechanisms
The Consumer Financial Protection Bureau (CFPB) has proposed an interpretive rule aimed at addressing what it views as ambiguities in the ...
Equifax ordered to pay $15 million for improper investigations regarding credit card errors
ATLANTA, Ga. (Atlanta News First) - The Consumer Financial Protection Bureau (CFPB) this week ordered Equifax to pay $15 million for failing to conduct proper investigations regarding credit card ...