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Consumer Compliance - Banking Exchange
Junk Fees are Causing Consumers to Switch Banks

Junk Fees are Causing Consumers to Switch Banks

Proposed rule to ban junk fees aims to remedy widespread concerns
CFPB plans to curb overdraft fees

CFPB plans to curb overdraft fees

The new rules could save consumers over $3.5 billion in fees per year
Consumers Plan to Reduce Spending in 2024

Consumers Plan to Reduce Spending in 2024

Inflation is continuing to affect how bank customers use their money, Bank of America has found
BPI and TCH Call for Stronger Consumer Financial Data Rules

BPI and TCH Call for Stronger Consumer Financial Data Rules

The associations argued the CFPB’s proposal does not go far enough
Consumer Inflation Expectations Decline

Consumer Inflation Expectations Decline

Fed Bank of New York survey found short-term inflation expectations reached the lowest level in three years
ABA and CBA Express “Serious Concerns” Over Proposed CFPB Nonbank Regulations

ABA and CBA Express “Serious Concerns” Over Proposed CFPB Nonbank Regulations

The banking organizations wrote to the CFPB about the proposed redefinition of digital assets
Credit Card Debt Numbers Rising According to Bankrate

Credit Card Debt Numbers Rising According to Bankrate

Almost 50% of all credit card holders are carrying credit card debt
CFPB Says Customers ‘Surprised’ By Bank Fees

CFPB Says Customers ‘Surprised’ By Bank Fees

In response, the ABA highlights that fees are being eliminated and most customers are satisfied with their bank
Rising Credit Card Debt Increasing Financial Pressure

Rising Credit Card Debt Increasing Financial Pressure

Survey found more than half of Americans are not paying off cards in full every month
CFPB Proposes Extending Supervision to Nonbank Payment Providers

CFPB Proposes Extending Supervision to Nonbank Payment Providers

The regulations would ensure nonbank financial companies adhere to the same rules as large banks and credit unions
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