Congressional Republicans have introduced a CRA resolution to repeal the CFPB rule that caps overdraft charges at $5, a move that would benefit the banking industry but not consumers.
Tag: Consumer Financial Protection Bureau
Posted inPolitics
Elon Musk and Trump Vow to ‘Weed Out Corruption’ As Part of DOGE Initiative
Elon Musk, now head of the Department of Government Efficiency, has announced plans to reshape the federal government by investigating and restructuring several key agencies, including the Department of Education and FEMA.
Posted inHealth
New Rule Wipes $49B in Medical Debt from Credit Scores
The Consumer Financial Protection Bureau has issued new regulations that prevent unpaid medical debts from appearing on Americans’ credit reports, potentially wiping away $49 billion in medical bills from the credit reports of an estimated 15% of all U.S. households.
Posted inFinance, National
Largest US Credit Union Scrutinized Over Significant Gaps Between Approval Rates for White and Black Borrowers
By Stacy M. Brown Navy Federal Credit Union, the largest credit union in the United States, is under fire for exhibiting the most substantial racial disparities in mortgage approval rates […]
Posted inBusiness
Biden-Harris Administration Protects Consumers from Junk Fees
By Stacy M. BrownNNPA Newswire Senior National Correspondent@StacyBrownMedia In a bid to shield consumers from hidden and excessive charges, the Biden-Harris Administration, in collaboration with the Federal Trade Commission (FTC) […]