Three new lawsuits filed by the CFPB take aggressive actions that could potentially be reversed by President-elect Donald Trump’s appointees.
Some banks and banking trade groups are suing the Consumer Financial ... are suing the Consumer Financial Protection Bureau over a finalized rule that limits overdraft fees banks can charge. The rule is part of President Joe Biden administration's campaign ...
Walmart and a financial tech company are being sued over allegations the retail giant forced drivers to use costly, complicated deposit accounts in order to get paid and raked-in millions in the process.
The Consumer Financial Protection Bureau has finalized a rule that curbs excessive overdraft fees charged to customers of large banks and credit unions, potentially saving consumers as much as $5 billion a year.
President Joe Biden had called the fees ... according to data from the Consumer Financial Protection Bureau and bank public records. Currently, there is no cap on the overdraft fees that banks can legally charge. Right now, when a bank temporarily lends ...
Under the Consumer Financial Protection Bureau rule announced Thursday ... will be controlled by Republicans in 2025. President Joe Biden in a statement in January called overdraft fees "exorbitant."
They especially hate the 14-year-old Consumer Financial Protection Bureau. But most voters in both major parties support its work. Musk and Andreessen recently made their case publicly. “Delete CFPB” was Musk’s pithy policy position on X.
If today's announcement by the Consumer Financial Protection Bureau (CFPB) is the final skirmish in the Biden administration's war on so-called "junk fees," then it is a fitting end to a misguided ...
President Joe Biden's administration has finalized a rule that limits overdraft fees banks can charge. The rule, announced on Thursday, places a cap on overdraft fees at $5. Biden has said that overdraft fees,
Three of the largest U.S. banks rushed the Zelle digital payment system to market "without implementing effective consumer safeguards," according to a lawsuit filed Friday by a federal government agency.
A federal agency charged with protecting consumers from abuses by banks, lenders, and other financial institutions faces an existential threat once Donald Trump starts his second term. Both Tesla CEO Elon Musk and Vivek Ramaswamy,