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 ...
Tag: Overdraft protection
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 ...
Senators examine role of regulation in ‘debanking’
Republicans on the Senate Banking Committee blasted regulators for allegedly pressuring banks to cut off services to certain customers while ...
Podcast: Opportunities in the Congressional Review Act, the ‘other CRA’
The rarely used Congressional Review Act provides an opportunity for Congress and the president to overturn regulatory rulemakings — and ...
In eleventh-hour move, CFPB finalizes effective cap on overdraft fees
Under the final rule, covered institutions may choose one of three options to comply with its requirements, including capping their ...
