Bank trade groups claim the rule would lead to more late payments, increased debt, reduced credit access and higher annual percentage rates for all consumers. The lawsuit states that the CFPB is ...

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 ...

Business groups sued the Consumer Financial Protection Bureau (CFPB) over a new rule that caps credit card late fees levied by large issuers. The consumer watchdog finalized the rule Tuesday to ...

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.

On Sept. 28, two of the nation’s largest and most influential business groups filed a lawsuit against the Consumer Financial Protection Bureau (CFPB) and its director, Rohit Chopra. The action ...

U.S. Chamber, bank groups sue CFPB for expanding supervisory remit By Aaron Nicodemus 2022-09-29T15:37:00 A group of banking and business associations sued the Consumer Financial Protection Bureau ...

A lawsuit, led by the U.S. Chamber of Commerce and bank lobbyists, aims to prevent the Consumer Financial Protection Bureau (CFPB) from using its authority to assess if banks engage in racial ...

Bank groups sue the Consumer Financial Protection Bureau over a proposed cap on overdraft fees FILE - A customer makes a transaction at a bank of automatic teller machines in the Queens borough of ...

Some banks and banking trade groups are suing the Consumer Financial Protection Bureau over a finalized rule that limits overdraft fees banks can charge. The rule is part of President Joe Biden ...

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 over a finalized rule that limits overdraft fees banks can charge.