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 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 ...

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.

The 2010 Dodd–Frank Wall Street Reform and Consumer Protection Act directed the consumer agency to study the use of arbitration clauses in financial markets and gave the regulator power to issue ...

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 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 ...

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 ...