Dec. 13 (UPI) --Banking groups said they plan to sue the federal Consumer Financial Protection Bureau for adopting a rule that would limit overdraft fees. The Consumer Bankers Association ...

It took only one day for trade groups and banks to take legal action against the financial watchdog, which announced its overdraft rule Thursday.

Bank groups sue the Consumer Financial Protection Bureau over a proposed cap on overdraft fees ... The group claims that the CFPB is exceeding its regulatory authority with the new rule.

Some banks and banking trade groups are suing the Consumer Financial Protection Bureau (CFPB) over a finalized rule that limits the amount of overdraft fees that banks can charge account holders.

Bank Groups Sue the Consumer Financial Protection Bureau Over a Proposed Cap on Overdraft Fees. ... Banks have previously sued the CFPB over these rules and caps on credit card late fees.

The trade groups said the CFPB exceeded its statutory Authority and misinterprets TILA in suggesting that overdraft fees are a form of credit. "The fact that the financial institution may voluntarily ...

Some banks and banking trade groups are suing the Consumer Financial Protection Bureau over a finalized rule that limits overdraft fees banks can charge.

Dec. 13 (UPI) --Banking groups said they plan to sue the federal Consumer Financial Protection Bureau for adopting a rule that would limit overdraft fees. The Consumer Bankers Association ...

Bank groups sue the Consumer Financial Protection Bureau over a proposed cap on overdraft fees. ... The group claims that the CFPB is exceeding its regulatory authority with the new rule.

Bank groups sue CFPB over rule to limit overdraft fees. Doug Cunningham . Fri, Dec 13, 2024, 12:02 PM 2 min read. Banks and credit unions said Thursday they plan to sue the federal Consumer ...

Banking groups said they plan to sue the federal Consumer Financial Protection Bureau for adopting a rule that would limit overdraft fees. The Consumer Bankers Association, American Bankers ...