13 (UPI) --Banking groups said they plan to sue the federal Consumer Financial ... The groups said the final rule introduced by the CFPB on Thursday, "exceeds its regulatory authority." ...
Some banks and banking trade groups are suing the Consumer Financial ... according to data from the CFPB and bank public records. Currently, there is no cap on the overdraft fees that banks ...
Two technology trade groups, TechNet and NetChoice, have filed a lawsuit against the US Consumer Financial Protection Bureau (CFPB) over its efforts to regulate digital payment apps and wallets ...
The bureau terminated roughly 70 to 100 term employees Thursday. An amended complaint asserts there's more to come — and that ...
and challenges the CFPB's authority over non-bank financial technology innovators. The trade groups argue that Congress did not empower the CFPB to supervise large non-banks offering consumer ...
The trade groups also said the CFPB identified no consumer risks or gaps in regulatory oversight that justified the rule, which covers companies that process at least 50 million transactions ...
It also comes as the CFPB prepares for ... with more money to stick with the bank, while paying those with lower balances little interest. Some, such as PNC Financial Services, Citigroup and BMO ...
Some of the Trump administration's approach toward deregulating the financial industry risks putting the economy in a bind.
Two technology trade groups on Thursday sued U.S. Consumer Financial ... NetChoice and TechNet said Congress did not give the CFPB free rein to aggressively, arbitrarily and capriciously police ...
NetChoice and TechNet said Congress did not give the CFPB free rein to aggressively, arbitrarily and capriciously police large non-banks offering consumer financial services through such products as ...