Apr 15, 2025 | Federal Regulation, News
CFPB Scraps Credit Card Late Fee Rule The Consumer Financial Protection Bureau (CFPB) has chosen to abandon its rule imposing an $8 limit on credit card late fees, according to a consent judgment motion filed this week. The agency and other industry groups like the...
Apr 9, 2025 | Banks & Credit Unions, Financial Literacy, News
Debt Causing Nearly Two in Three Americans Carrying Credit Card Debt to Delay or Avoid Other Financial Decisions, Study Finds According to a new Bankrate report, 64% of U.S. adults carrying credit card debt have delayed or avoided other financial decisions as a result...
Apr 3, 2025 | Federal Regulation, News
CFPB Says It Won’t Enforce Payday Rule Last Friday, two days before it was set to go into effect, the Consumer Financial Protection Bureau (CFPB) said that it would not prioritize enforcement or supervision actions with regard to any penalties or fines under the...
Apr 1, 2025 | Congressional Legislation, News
Senate Passes Resolution Repealing CFPB Overdraft Rule; House Action Awaits Last week, the U.S. Senate voted to repeal the final rule from the Consumer Financial Protection Bureau (CFPB) to cap rate fees. The Senate passed Banking Committee Chairman Tim Scott’s...
Mar 26, 2025 | Federal Regulation, News
OCC Announces It Will Remove “Reputation Risk” from Bank Examination Manual The Office of the Comptroller of the Currency (OCC) recently announced that it will remove the term “reputation risk” from its examination manual. The examination teams will not...
