Rohit Chopra, director of the Consumer Financial Protection Bureau, during a House Financial Services Committee hearing on June 13, 2024. Tierney L. Cross/Bloomberg via Getty Images The Consumer…
Read more CFPB cracks down on popular paycheck advance programs. Here’s what that means for workersA former President Trump-appointed judge in Texas halted President Biden’s administration’s plan to decrease late fees on credit cards to $8. The new rule, which was set to…
Read more Trump-appointed judge halts Biden administration credit card late fee capPedestrians pass a JPMorgan Chase bank branch in New York. Michael Nagle | Bloomberg | Getty Images The three biggest American retail banks collected 25% less overdraft revenue…
Read more Big banks have drastically cut overdraft fees, but customers still paid $2.2 billion last yearWhere to even start in cataloging the most ridiculous—and alarming—recent rulings to come out of the U.S. Court of Appeals for the Fifth Circuit? There’s a case about…
Read more Why the Fifth Circuit Keeps Making Such Outlandish DecisionsNew York CNN — On Tuesday, the Supreme Court began hearing oral arguments in a case that will determine the fate of the Consumer Financial Protection Bureau. The…
Read more The fate of this consumer watchdog is in the hands of the Supreme Court | CNN Businesseclipse_images | E+ | Getty Images ATM fees rise while overdraft and NSF fees fall “ATM fees are biting harder than ever,” said Greg McBride, Bankrate’s chief financial…
Read more Despite crackdown on junk fees, this banking surcharge just hit a record highRohit Chopra, Consumer Financial Protection Bureau director and FDIC board member, joins 'Squawk Box' to discuss the new regional bank 'living wills', new guidelines expected to be released…
Read more CFPB Director on regional bank ‘living wills’: Important to protect consumers and small businessesWashington CNN — The US government plans to rein in the vast data broker industry with new, privacy-focused regulations that aim to safeguard millions of Americans’ personal information…
Read more US watchdog teases crackdown on data brokers that sell Americans’ personal information | CNN BusinessCNN — Looking at an upcoming Supreme Court term from the vantage point of the first Monday in October rarely tells the full story of what lies ahead,…
Read more Major Supreme Court cases to watch in the new term | CNN PoliticsArtificial intelligence has revolutionized credit decisioning. What was once a slow, manual and subjective process is becoming highly automated, and the all-important act of approving or denying credit…
Read more Promise and Peril: AI and Lending | Bank Automation NewsCharlotte-based Bank of America is paying over $100 million to compensate customers, and another $150 million in penalties, for actions that hurt “hundreds of thousands of consumers,” a…
Read more Feds hit Bank of America with $250M in fines, restitution for fake accounts, junk feesFor most Americans, voting for a member of Congress is one of their simplest civic duties. Every two years, they pick the candidate they like best—usually the same…
Read more A Radical Idea for Fixing CongressNew York CNN — The US Supreme Court decided this week to hear a case that will consider the constitutionality of funding for the Consumer Financial Protection Bureau…
Read more CFPB: What it does and why its future is in question | CNN Businesswdstock | iStock Editorial | Getty Images People owed a piece of the $2 billion that Wells Fargo has agreed to pay to customers affected by some of…
Read more Some Wells Fargo customers have already received their share of the $2 billion misconduct settlement. Here’s what you need to know
