Scott, Vought warn against price controls on credit, bank products
Restrictions on credit card rates and overdraft protection fees ultimately hurt the people they are meant to protect by limiting ...
Tag: Overdraft protection
With Trump signing repeal of CFPB overdraft rule, ABA to drop lawsuit
President Trump has signed into law an ABA-championed resolution overturning the CFPB’s limits on overdraft fees.
CFPB rescinds dozens of guidance documents
The CFPB announced it is rescinding dozens of guidance documents on topics such as fair lending, overdraft fees, disclosure policies ...
House votes to reverse CFPB overdraft rule
The House voted in favor of a resolution to overturn the CFPB’s limit on overdraft fees. The vote came less ...
Senate Banking Committee Chair Scott touts bipartisan, bicameral work on financial issues
Top of mind for Tim Scott as he addressed bankers were affordable housing, stablecoin legislation, overdraft fees and CFPB reform.
Senate vote moves CFPB overdraft rule closer to repeal
The 52-48 vote was along party lines, except for Sen. Josh Hawley (R-Mo.) who voted with Democrats. This moves the ...
ABA survey shows strong majority of Americans value overdraft protection
A new national survey conducted by Morning Consult on behalf of ABA shows that consumers value and understand existing overdraft ...
ABA Regulatory Policy and Compliance Inbox: When is what may seem to be an overdraft … not?
Determining if a bank's payment of a check is an extension of credit. Plus questions on Reg. X and Reg. ...
ABA, state associations urge Congress to repeal CFPB’s overdraft rule
ABA joined 52 state bankers associations in expressing strong support for a resolution of disapproval introduced by lawmakers that would ...
Lawmakers introduce resolution to overturn CFPB overdraft fee cap
The leaders of the congressional committees overseeing the financial services sector have introduced a resolution to overturn a CFPB rule ...
