Bank groups sue the Consumer Financial Protection Bureau | AP …
Dec 13, 2024 · Some banks and banking trade groups are suing the Consumer Financial Protection Bureau over a finalized rule that limits overdraft fees banks can charge. The rule is part of President Joe Biden administration’s campaign to reduce junk fees that hit consumers on everyday purchases, including banking services.
Bank groups sue US government bureau over overdraft fees rule
Dec 13, 2024 · Some banks and banking trade groups are suing the Consumer Financial Protection Bureau (CFPB) over a finalized rule that limits the amount of overdraft fees that banks can charge account...
Bank groups sue CFPB over rule to limit overdraft fees - MSN
Banking groups said they plan to sue the federal Consumer Financial Protection Bureau for adopting a rule that would limit overdraft fees.
Banks sue CFPB for capping overdraft fees at $5
Dec 12, 2024 · The Consumer Financial Protection Bureau released a final overdraft rule that caps overdraft fees at $5 for the largest banks. The sweeping rule immediately drew a legal challenge from bank trade groups.
Trade groups sue CFPB over overdraft rule | Banking Dive
Dec 16, 2024 · The Consumer Financial Protection Bureau is facing ire from several trade groups and banks for allegedly exceeding its regulatory authority with its newly inked overdraft cap rule.
Bank groups sue the Consumer Financial Protection Bureau over …
Dec 13, 2024 · Some banks and banking trade groups are suing the Consumer Financial Protection Bureau over a finalized rule that limits overdraft fees banks can charge. The rule is part of President Joe Biden...
Bank Overdraft Fee Cap Is Latest CFPB Rule Hit With Lawsuit
Dec 13, 2024 · Bank and credit union lobbying groups are suing the Consumer Financial Protection Bureau to block a newly finalized rule that would cap overdraft fees, in the latest industry challenge to a Biden administration priority.
Bank groups sue Consumer Financial Protection Bureau over …
Dec 13, 2024 · Some banks and banking trade groups are suing the Consumer Financial Protection Bureau over a finalized rule that limits overdraft fees banks can charge. The rule is part of President Joe Biden administration's campaign to reduce junk fees that hit consumers on everyday purchases, including banking services.
Banks, trade groups seek injunction on CFPB overdraft rule
Dec 20, 2024 · Just days after several banks and financial trade groups sued the Consumer Financial Protection Bureau in Mississippi federal court over the agency’s final overdraft rule, the groups filed a preliminary injunction to pause the rule as litigation proceeds.
Lawsuit Against CFPB Overdraft Final Rule - American Bankers …
Dec 12, 2024 · The CFPB’s final overdraft rule exceeds the Bureau’s statutory authority, ignores thoughtful industry and stakeholder feedback, and will harm the very consumers the CFPB claims to protect.