Page 5 - Cfpb News Today

I am an unabashed fan of the Consumer Financial Protection Bureau (CFPB).

When college loan repayments resumed recently, thousands ere snarled in figuring out the best way to repay their loans.

The Personal Financial Data Rights rule proposed by the Consumer Financial Protection Bureau (CFPB) has generated more than 11,000 comments.

The Biden administration proposed banning another type of bank “junk fee” on Wednesday, targeting fees that are typically charged by banks when a transaction is declined in real time. It's the second major proposal by the Consumer Financial Protection Bureau over fees that Americans sometimes run into when they bank, following the bureau's announcement that it plans to reduce overdraft fees to as little as $3. The CFPB's proposal on Wednesday focused on a narrower ...

Three cases before the U.S. Supreme Court will help determine the advance of the conservative push called the "war on the administrative state" that aims to weaken federal agencies that regulate key aspects of American life and business. The court, with a 6-3 conservative majority, is weighing cases challenging the power of federal agencies to issue regulations and enforce laws in areas ranging from finance to fish conservation, that could have far-reaching reverberations. Administra...

Save money on the common fees banks charge consumers for overdrafts, monthly account maintenance, cash withdrawals and more.

Under the overdraft fee proposal, banks would have to show how much it costs for them to run overdraft services, or instead charge a benchmark fee.

“Banks call it a service,” the president said. “I call it exploitation.”

The proposed rule targeted a loophole that allowed bank overdraft fees to balloon, hitting low-income Americans hardest.

Last year, AI policy was marked by Big Tech power moves, congressional upskilling, bipartisanship, geopolitical competition, and rapid deployment of nascent technologies on the fly. So, what is around the corner? Here are the key takeaways.