Bill to Overturn CFPB Overdraft Fee Rule Would Hurt Families, Allow Big Banks to Keep $5 Billion in Excessive Fees
Sen. Tim Scott (SC) and Rep. French Hill (AR) Introduced Resolutions to Overturn a CFPB Rule Capping Big Bank Overdraft Fees at $5
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Sen. Tim Scott (SC) and Rep. French Hill (AR) Introduced Resolutions to Overturn a CFPB Rule Capping Big Bank Overdraft Fees at $5
Groups Seek to Intervene to Defend Rule Designed to Keep Money in Consumers’ Pockets as the Work of the Agency is Frozen As the Trump-Vance Administration takes over the Consumer Financial Protection Bureau (CFPB) and begins with a stop work order, a broad coalition is taking legal action to defend a CFPB rule that would…
Read More about Coalition Moves to Protect Consumers from Costly Bank Overdraft Fees
Threatened CFPB Rule Will Lower Big Bank Overdraft Fees from $35 to $5, Saving Families Billions
NCLC Advocates Praise Final Rule Slashing Big Bank Overdraft Fees from $35 to $5, Bringing Billions in Relief to 1 in 5 Families
Read More about CFPB Overdraft Rule Provides Real Savings for Families Living Paycheck to Paycheck
Proposed rule will promote fair and affordable overdraft coverage and prevent big banks from charging junk fees WASHINGTON – Today, 144 consumer, civil rights, military, legal services, and community groups submitted comments in strong support of the Consumer Financial Protection Bureau’s (CFPB) proposed rule governing the overdraft lending practices of the largest financial institutions. [The…
Read More about 144 Organizations Support CFPB Rule to Curb Abusive Overdraft Fees
Advocates praise CFPB proposed rule to stop banks from extracting tens of billions of dollars from financially insecure account holders in the form of overdraft fees.
Read More about CFPB Proposes Rule to Limit Harmful Overdraft Fees