WebJan 6, 2024 · The CFPB has not yet posted a blog or issued a press release about the agenda. Highlights from the regulatory agenda include the following: Pre-rule Stage: Overdraft Fees: Whether Regulation Z applies to overdraft fees depends on whether those fees are considered finance charges. WebOct 26, 2024 · Chopra also noted that the CFPB is already “starting” to take enforcement action on junk fees, including through a $50 million penalty last month against Regions Bank for what the agency ...
United States: Regulatory Agencies Focus On "Junk Fees"
WebThe Consumer Financial Protection Bureau (CFPB) released its most recent Regulatory Agenda (the Fall 2024 Regulatory Agenda) detailing planned final and proposed … WebJan 6, 2024 · The CFPB has not yet posted a blog or issued a press release about the agenda. Highlights from the regulatory agenda include the following: Pre-rule Stage: … segals discount code
CFPB Proposed Regulatory Activity Agenda Released, …
WebNov 9, 2024 · The CFPB's novel approach to UDAAP has already been challenged in court by bank trade groups for exceeding the agency's authority and failing to adhere to the … WebNov 2, 2024 · These fees were behind the CFPB settlement with Regions Bank in September 2024, which included refunds of $141 million to affected consumers as well as a $50 million penalty. • “Depositor fees”: This is CFPB’s term for charging fees when a deposited check bounces. WebJan 10, 2024 · Until recently, NSF fees were a significant source of fee revenue from deposit accounts for depository institutions; lately some financial institutions have voluntarily stopped charging such fees. The Bureau is considering new rules regarding NSF fees. Proposed date: 11-23. Required Rulemaking on Personal Financial Data Rights segals cabinets