The Hill

Why senators’ efforts to kill overdraft fees is overkill

Overdraft protection has become Washington’s latest punching bag. Sens. Elizabeth Warren (D-Mass.), Bernie Sanders (I-Vt.), and Richard Blumenthal (D-Conn.) are again criticizing banks, credit unions ...
JD Supra

CFPB's Overdraft Rule and Big Tech Payment Apps Rule Set for Repeal After Congressional Votes

Among other significant rulemakings that the Consumer Financial Protection Bureau (CFPB) finalized in the waning days of the Biden Administration were 1) an overdraft fees final rule that applies to ...
AOL

Republicans look to loosen rules on overdraft fees and payment apps

Capitol Hill Republicans are looking to scrap a pair of major consumer protection rules as they seek to roll back some of the Biden administration’s last-minute regulatory moves. Last week, GOP ...
The American Prospect

Congress Stops CFPB From Capping Overdraft Fees, Monitoring Big Tech

The House of Representatives passed resolutions Wednesday that will nullify two Consumer Financial Protection Bureau (CFPB) rules. As a result, low-income customers will pay an estimated $5 billion ...
The Spokesman-Review

U.S. House strikes down $5 overdraft fee limit, sending issue to Trump

The overdraft fee limit was struck down 217-211, with Rep. Ryan Mackenzie of Pennsylvania the lone Republican to join the Democrats’ dissent. The rule granting the government supervision over ...