CFPB - Banking Exchange
A coalition of associations have claimed the proposal infringes on personal privacy rights
A separate ABA-led association has paused implementation of new rules to CRA
Proposed rule to ban junk fees aims to remedy widespread concerns
The new rules could save consumers over $3.5 billion in fees per year
The associations argued the CFPB’s proposal does not go far enough
Fed Bank of New York survey found short-term inflation expectations reached the lowest level in three years
The banking organizations wrote to the CFPB about the proposed redefinition of digital assets
Almost 50% of all credit card holders are carrying credit card debt
The bank said it “respectfully disagrees” with the decision
The ABA and ICBA have praised Congress’ decision to nullify the rule
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