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Stay informed with the latest breaking news from Fpb on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Fpb and stay connected to the pulse of your community

Bank overdraft fees could drop to as low as $3 under new Biden proposal

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.

United-states , White-house , District-of-columbia , Americans , America , American , Lindsey-johnson , Joe-biden , Rohit-chopra , Consumer-bankers-association , Supreme-court , Consumer-financial-protection-bureau

Biden proposal would slash bank overdraft fees to as low as $3

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

United-states , Americans , America , American , Rob-nichols , American-bankers-association , Lending-act , Morning-consult , Wells-fargo , Overdraft-fees , Verdraft-fee , Fpb

Big Tech rebuffs US consumer watchdog plans to supervise digital wallets

The warnings from the Computer & Communications Industry Association (CCIA) -- whose members also include Amazon, Facebook parent Meta and X, formerly known as Twitter -- responded to November's proposal by the U.S. Consumer Financial Protection Bureau (CFPB), which said tech giants' smartphone payments and wallets services rivaled traditional payment methods but lacked the same consumer safeguards. The CFPB proposal, which has yet to be finalized, would subject such companies to the same kind of supervision currently imposed on banks, with agency examiners inspecting compliance with laws on unfair or deceptive practices and privacy protections, as well as scrutinizing executives' conduct. Some bank industry representatives have reacted warmly to the proposal, saying companies that provide bank-like services should be regulated and directly supervised like banks.

Chris-reese , Douglas-gillison , Krisztian-katona , Computer-communications-industry-association , Reuters , Twitter , Facebook , Us-consumer-financial-protection-bureau , Communications-industry-association , Financial-protection-bureau , Digital-wallets , Fpb

Facing Eviction? 6 Resources You Can Use Now

Life happens, and there will be times when you fall behind on bills. As you struggle to get your finances in order, you could fall behind on rent and deal with a possible eviction. It's important to...

National-low-income-housing-coalition , Consumer-financial-protection-bureau , Court-has-ruled-that-you-can-be , Us-department-of-housing , Income-home-energy-assistance-program , Eviction-lawsuit-hasnt-been-filed , Eviction-lawsuit-has-been , Urban-development , Debt-collection-practices-act , Emergency-rental-assistance , Rental-assistance-finder

Sen. Elizabeth Warren Implores Pentagon to Keep Better Track of Service Members' Medical Debt

Sen. Elizabeth Warren, D-Mass., is pressing the Pentagon to improve its policies to safeguard troops from excessive medical debt.

Raleigh , North-carolina , United-states , Japan , Daysha-cartagena , Elizabeth-warren , Isaiah-cortez , Lloyd-austin , Gil-cisneros , Defense-health-agency , Harvard-university , Consumer-financial-protection-bureau

The Justice Department And Consumer Financial Protection Bureau Issue Joint Statement Focused On Antidiscrimination In Lending Practices - Financial Services

Last month, the Justice Department (DOJ) and the Consumer Financial Protection Bureau (CFPB) issued a joint statement that reminded financial institutions that all credit applicants are protected from discrimination on the basis of their national origin.

Texas , United-states , Financial-protection-bureau , Justice-department , Equal-credit-opportunity-act , Consumer-credit-protection , Abusive-acts , Eastern-district , Mondaq , Fpb , Onsumer-protection

Bank of America pays $12 million fine for misreporting mortgage data, ET RealEstate

Bank Of America: The U.S. Consumer Financial Protection Bureau said on Tuesday that more than 400 loan officers at the second-largest U.S. bank failed to ask applicants required questions about their race, ethnicity and sex, and then falsely reported that the applicants chose not to respond.

United-states , America , Us-consumer-financial-protection-bureau , Financial-protection-bureau , Bank-of-america , S-consumer-financial-protection-bureau , Sa , Ome-mortgage-disclosure-act , Fpb ,

Bank of America fined $12M for giving feds false mortgage data, regulators say

Bank of America has been ordered to pay $12 million over accusations it didn’t provide the correct mortgage information to the government.

United-states , Americans , America , Consumer-financial-protection-bureau , Mortgage-disclosure-act , Charlotte-observer , Bank-of-america , Ortgage-applicants , Onsumer-financial-protection-bureau , Fpb , Emographic-data

Bank of America fined $12 million for submitting false mortgage data to federal government

As of June 2023, the BOA had $2.4 trillion in assets, which makes it the second-largest bank in the United States.

Washington , United-states , America , Rohit-chopra , Office-of-the-comptroller , Consumer-financial-protection-bureau , Home-mortgage-disclosure-act , Consumer-financial-protection , Bank-of-america , Onsumer-financial-protection-bureau , Ortgage-applicants , Fpb

A cap on credit card late fees sounds great, but this plan would hurt NC families

A cap on credit card late fees sounds great, but this plan would hurt NC families | Opinion

United-states , North-carolina , Americans , Carolina-department-of-commerce , Southern-united-states , Small-business-administration , Small-business-advocacy , North-carolina-department , South-atlantic , North-carolinians , Consumer-financial-protection-bureau