ABA opposes overdraft bill, calls credit report bill flawed
The American Bankers Association is asking House Financial Service Committee members to oppose two bills that would rewrite federal rules ...
Tag: Overdraft protection
CFPB: Overdraft Revenue Increased in 2022, Down 20% Overall Since 2019
The Consumer Financial Protection Bureau released a blog post today that showed that overdraft revenue has increased over the past ...
CFPB moves to scrutinize banks’ overdraft programs
As part of a pilot supervision effort, the CFPB has requested information on overdraft and non-sufficient funds practices from “over ...
ABA opposes overdraft bill ahead of committee markup
Ahead of a markup scheduled to begin tomorrow in the House Financial Services Committee, ABA sent a memo to lawmakers ...
ABA urges Congress to reject bills restricting overdraft
In a statement submitted for the record ahead of a Senate Banking subcommittee hearing on overdraft Wednesday, the American Bankers ...
Chopra resists requests to define ‘junk fees’ with specificity
Under pressure from Republican lawmakers to define what he meant by “junk fees”—a term coined by the bureau as part ...
Nichols op-ed: CFPB is ‘regulator going rogue’
Shortly before CFPB Director Rohit Chopra began the first of two days of oversight hearings on Capitol Hill, ABA President ...
ABA, SBAs: CFPB RFI shows ‘deeply flawed conclusions’ on consumer financial markets
The American Bankers Association and all 51 state bankers associations directly challenged the CFPB on a recent request for information ...
GOP Lawmakers Slam CFPB’s ‘Junk Fee’ Scrutiny at Overdraft Hearing
Rep. Blaine Luetkemeyer (R-Mo.) today rebuked the CFPB for its campaign against so-called “junk fees”—the bureau’s term for legitimate fees ...
ABA to Congress: Don’t Restrict Overdraft Services Consumers Value
In a statement for the record of a House Financial Services Committee hearing tomorrow, the American Bankers Association urged lawmakers ...
