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 ...

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 ... The group claims that the CFPB is exceeding its regulatory authority with the new rule.

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 ...

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 ...

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 ...

CFPB may let you sue your bank ... Financial and business groups generally ... "Consumers should not be asked to sign away their legal rights when they open a bank account or credit card," CFPB ...

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 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 ...

Banks and credit unions said Thursday they plan to sue the federal Consumer Financial Protection Bureau for adopting that would limit overdraft fees. File Photo by Billie Jean Shaw/UPI Dec. 13 ...

Bank groups set to sue CFPB due to rule to limit overdraft fees. Syndigate. Published December 15th, 2024 - 07:19 GMT. Shutterstock. Banking groups said they plan to sue the federal Consumer ...