The Consumer Financial Protection Bureau issued a blog post today that criticized banks that charge nonsufficient funds fees. The CFPB listed by name banks that have announced they are eliminating NSF fees and banks that have not made an announcement as of Apr. 1. The CFPB also stated that it is “closely scrutinizing whether and when charging these fees may be unlawful.”
The goal is to focus the IDI resolution planning process on the operational information most relevant for the FDIC to resolve a large bank through a weekend sale or operate the institution for a short period of time...
The Federal Reserve Bank of Philadelphia's next president and CEO will be economist Anna Paulson, succeeding Patrick Harker on July 1.
ABA urged the current leadership of the CFPB “to restore balance to the policy conversation about the credit card market” following several actions taken by the prior administration to weaponize the bureau against credit card services and products.
The Trump administration sent layoff notices to more than 1,500 staff at the CFPB, leaving only 200 personnel at the bureau, Fox Business reported.
The rate for a 30-year fixed-rate mortgage was 6.83% this week. The rate for a 15-year fixed-rate mortgage was 6.03%.
Three House lawmakers are asking the IRS to update and expand the list of services and treatments for chronic diseases covered under employer-sponsored high-deductible health plans.
