Dec. 13 (UPI) --Banking groups said they plan to sue the federal Consumer Financial Protection Bureau for adopting a rule that would limit overdraft fees. The Consumer Bankers Association ...

Bank trade groups claim the rule would lead to more late payments, increased debt, reduced credit access and higher annual percentage rates for all consumers. The lawsuit states that the CFPB is ...

Bank groups sue the Consumer Financial Protection Bureau over a proposed cap on overdraft fees ... The group claims that the CFPB is exceeding its regulatory authority with the new rule.

Business groups sued the Consumer Financial Protection Bureau (CFPB) over a new rule that caps credit card late fees levied by large issuers. The consumer watchdog finalized the rule Tuesday to ...

On Sept. 28, two of the nation’s largest and most influential business groups filed a lawsuit against the Consumer Financial Protection Bureau (CFPB) and its director, Rohit Chopra. The action ...

A lawsuit, led by the U.S. Chamber of Commerce and bank lobbyists, aims to prevent the Consumer Financial Protection Bureau (CFPB) from using its authority to assess if banks engage in racial ...

Bank groups sue CFPB over rule to limit overdraft fees. Doug Cunningham . Fri, Dec 13, 2024, 12:02 PM 2 min read. Banks and credit unions said Thursday they plan to sue the federal Consumer ...

Some banks and banking trade groups are suing the Consumer Financial Protection Bureau over a finalized rule that limits overdraft fees banks can charge.

Bank groups sue the Consumer Financial Protection Bureau over a proposed cap on overdraft fees. ... The group claims that the CFPB is exceeding its regulatory authority with the new rule.

While banks have cut back on overdraft fees in the past decade, the nation’s biggest banks still take in roughly $8 billion in the charges every year, according to data from the CFPB and bank ...

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 ...