House votes to block CFPB’s $5 cap on big bank overdraft fees and oversight of big tech payment apps, building on tariff woes and high grocery costs.
Read More about House Republicans Ignore Rising Prices, Vote to Keep $35 Big Bank Overdraft Fees
U.S. House will consider resolutions tomorrow to overturn a $5 cap on big bank overdraft fees, eliminate oversight of Big Tech P2P payment apps.
Read More about House Vote Could Keep Overdraft Fees High and Deny Oversight of Payment App Fraud
Senate to Vote Wednesday on Eliminating Oversight of Payment Apps; CFPB Drops Suit Against Zelle
Action Against Owners of Zelle Will Improve Consumer Safety, Reduce P2P Fraud
Read More about CFPB Sues Zelle and Three Major Banks for Enabling Payment Fraud
The Protecting Consumers from Payment Scams Act will help stop consumers from losing billions of dollars each year to fraud.
Read More about Federal Legislation Aims to Protect Consumers from Payment Fraud
Originally airing on NPR Morning Edition on July 4, 2024, Alex Horowitz-Ghazi interviews Carla Sanchez-Adams for a story covering the limited options available to consumers impacted by bank and payment account fraud. “Banks in the U.S. are legally required to help make their customers whole in the case of many unauthorized electronic transfers. But then…
Read More about NPR: After being scammed, one woman tries to get her money back
