Dec 15, 2021 | Banks & Credit Unions, News
Capital One Becomes Latest Bank to Eliminate Overdraft Fees Capital One Financial has announced it will be the latest bank getting rid of overdraft and non-sufficient funds (NSF) fees for all customers, joining a growing list of other financial institutions to do so....
Dec 13, 2021 | Federal Regulation, News
New Rules Allow Debt Collectors to Pursue Debtors Via Email, Text Messages, and Social Media Last month, new debt collection rules went into effect to expand the ways that collectors can go after debtors, including through social media, email, and text messages. The...
Dec 10, 2021 | Federal Regulation, News
Omarova Withdraws OCC Nomination More than two months after President Biden nominated Cornell University law professor Saule Omarova to lead the Office of the Comptroller of the Currency (OCC), Omarova withdrew her nomination this week after facing resistance from...
Dec 8, 2021 | Banks & Credit Unions, Federal Regulation, News
Chopra Announces Enhanced Supervisory and Enforcement Scrutiny of Banks Heavily Dependent on Overdraft Fees In an effort to eradicate what he sees as illegal overdraft fee practices, Rohit Chopra, Director of the Consumer Financial Protection Bureau (CFPB), recently...
Dec 6, 2021 | Federal Regulation, News
Federal Agencies Approve Cyberattack Rules for US Banking System Last month, the Office of the Comptroller of the Currency (OCC), the Federal Reserve Board of Governors, and the Federal Deposit Insurance Corp. (FDIC) approved a final rule on how information about...
Dec 3, 2021 | Federal Regulation, News
Former CFPB Director Cordray Rumored to be Candidate for Federal Reserve’s Top Bank Regulator Richard Cordray, who served as the Director of the Consumer Financial Protection Bureau (CFPB) from 2013 to 2017, is rumored to be under consideration to be the Biden...
