Jan 23, 2025 | Federal Regulation, News
NY Department of Financial Services Proposes Banning Overdraft Fees on Transactions Under $20 The New York Department of Financial Services (NYDFS) recently proposed banning state-chartered banks from charging overdraft fees on transactions that are $20 or less, as...
Jan 15, 2025 | Federal Regulation, FinTech, News
With Less than a Week Before Administration Changes, CFPB Issues New Fintech Sandbox Policy Less than a week before the Trump administration is set to retake the White House, the Consumer Financial Protection Bureau (CFPB) issued new procedures for banks and fintechs...
Jan 9, 2025 | Federal Regulation, News
New CFPB Rule Bans Medical Debt on Credit Reports As the Biden Administration’s days continue to wane, the Consumer Financial Protection Bureau (CFPB) recently finalized a rule that will remove roughly $49 billion in medical debt from the credit reports of nearly 15...
Jan 2, 2025 | Federal Regulation, News
NY Dept of Financial Services Aims to Increase Financial Regulatory Activities as Many Expect Rollbacks Once Trump Returns to Office The New York Department of Financial Services (NYDFS) plans to place more scrutiny on banks, insurers, and cryptocurrency companies as...
Dec 19, 2024 | Banks & Credit Unions, Federal Regulation, News
CFPB Rule Limits Overdraft Fees to $5 The Consumer Financial Protection Bureau (CFPB) recently announced a new rule set to go into effect in October 2025 to regulate overdraft programs. Under the new regulations, large financial institutions must choose one of three...
Dec 12, 2024 | Federal Regulation, News
CFPB Proposes Rule Taking Aim at Data Brokers Last week, the Consumer Financial Protection Bureau (CFPB) proposed a rule that would restrict data brokers’ access to consumer data and the ability to sell that information. Data brokers collect and sell consumer-level...
