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13 (UPI) --Banking groups said they plan to sue the federal Consumer Financial ... will save consumers $5 billion a year in bank fees New CFPB rule aims to make switching banks easier by requiring ...
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 ...
The sweeping rule immediately drew a legal challenge from bank trade groups. The CFPB said in a final rule issued Thursday, that it will reclassify overdraft fees as loans subject to interest rate ...
Bank of America ... an analyst with TD Cowen Washington Research Group, said in a report, pointing to the CFPB's allegations. "It also permitted the registration of emails that were impersonating ...
Currently, credit card and bank companies ... go wrong," CFPB Director Richard Cordray said in a statement. "These clauses allow companies to avoid accountability by blocking group lawsuits ...
Bankers said Chopra's comments did little to inspire confidence in the CFPB's commitment to its core purpose of protecting consumers. Comments by bank trade groups suggest they are likely to sue the ...
You can file a complaint against a bank using an online CFPB complaint form ... Comptroller of the Currency has a customer assistance group that ensures consumer complaints about financial ...
In October, the CFPB issued a final rule to implement section 1033 of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. The three bank groups sued immediately in the Eastern ...
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 ...
In the past, if you needed to file a complaint against a bank, the CFPB was often the easiest place ... of the Currency has a customer assistance group that ensures consumer complaints about ...