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Consumers could see a $5 overdraft fee in 2025
Consumer protection agency finalizes rule limiting overdraft fees
The Consumer Financial Protection Bureau installed the regulation less than two months before President-elect Donald Trump takes office.
Consumers could see a $5 overdraft fee in 2025 under a final rule — or maybe, not
The rule announced Thursday would require big banks and credit unions to slash long criticized high overdraft fees from $25 or $35 in many cases.
Consumer finance watchdog caps bank overdraft fees
Big banks will now have to put a limit of $5 on overdraft fees, the Consumer Financial Protection Bureau said. The consumer finance watchdog's new rule could save customers $5 billion annually, and was part of the campaign against junk fees by the Biden administration.
19h
Consumer Financial Protection Bureau: the watchdog Republicans love to hate
The CFPB was established when Congress passed and President Barack Obama signed the Dodd-Frank Wall Street Reform and ...
5d
The Consumer Bureau Is Likely Here to Stay, but Big Changes Await
Republicans are unlikely to abolish the Consumer Financial Protection Bureau, but they will drastically rework its rules and ...
5d
on MSN
Google Sues Consumer Financial Protection Bureau After Agency Puts It Under Federal Supervision
Google filed a lawsuit Friday against the Consumer Financial Protection Bureau after the agency issued an order placing the ...
Opinion
2d
Opinion
Shut down the Consumer Financial Protection Bureau
It’s a “new day in America” as federal agencies and their employees are on notice that bloated government waste and abusive ...
21h
on MSN
Sherrod Brown rails against efforts to gut consumer protections in final hearing as chair of Senate Banking Committee
The last time the President Trump was in office, the cabinet looked like a Goldman Sachs retreat,” said the Cleveland ...
1h
Capturing The Value Of Open Banking Demands A Consumer-Led Approach
Given how important open banking is now poised to be in the U.S., banks and credit unions can position themselves as leaders ...
6d
on MSN
Why Rules On Data Scammers and Credit Card Fees May Be the Consumer Financial Protection Bureau’s Swansong
The CFPB is meant to act in the best interest of the American consumer, but powerful corporate opposition and the ire of Elon ...
5d
on MSN
Google sues Consumer Financial Protection Bureau
Google sued the Consumer Financial Protection Bureau on Friday, challenging the agency’s decision to place Google’s payment ...
American Banker
1d
Why a virus-protection firm is paying $1 billion for MoneyLion
The merger pairs the fintech's consumer lending platform with Gen Digital's identity-protection services, such as Norton, ...
Marketplace
1d
Consumer agency seeks to limit data sales, combat “digital surveillance”
Rohit Chopra, director of the Consumer Financial Protection Bureau, explains a proposed rule that would hold data brokers to ...
4d
on MSN
Google sues after Consumer Financial Protection Bureau orders supervision of its payment arm
The CFPB said on Friday that it has “reasonable cause to determine that Google has engaged in conduct that poses risks to ...
5d
‘It would be mayhem’: CFPB director responds to Musk's call to 'delete' consumer protection watchdog
Elon Musk wants to “delete” the Consumer Financial Protection Bureau. Director Rohit Chopra joins The Weekend to unpack what ...
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