Court Questions Whether Overdraft Fees are Interest Rates

Court Questions Whether Overdraft Fees are Interest Rates

← Previous Article Next Article → The First Circuit Court of Appeals is hearing a case that will shed further light on whether a bank’s overdraft fee should be considered interest. Previous rulings have found that overdraft fees are not an extension of...
Military Members’ Complaints Rise at CFPB

Military Members’ Complaints Rise at CFPB

← Previous Article Next Article → There has been a sharp increase in the number of complaints received by the Consumer Financial Protection Bureau (CFPB) from military service members between 2012 and 2018, according to an annual report by CFPB’s Office of...
CFPB Proposes Changes to Small-Dollar Rule

CFPB Proposes Changes to Small-Dollar Rule

← Previous Article Next Article → Earlier today, the Consumer Financial Protection Bureau (CFPB) issued a notice of proposed rulemaking to rescind certain provisions of the final rule regarding “Payday, Vehicle Title, and Certain High-Cost Installment...
Native-owned Banks and Credit Unions: Serving the Underserved

Native-owned Banks and Credit Unions: Serving the Underserved

← Previous Article Next Article → There are more than 30 native-owned banks and credit unions serving underserved communities all across America. Because of these native-owned financial institutions, many people living on or near tribal reservations now have...
Leadership Changes Announced at the CFPB

Leadership Changes Announced at the CFPB

← Previous Article Next Article → The Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger announced leadership changes in a recent press release. This comes after the New York Attorney General’s (AGs) office and other states have nabbed key...
State AGs Send Comments to FDIC on Small-dollar Lending

State AGs Send Comments to FDIC on Small-dollar Lending

← Previous Article Next Article → Thirteen state attorney generals (AG) and the District of Columbia AG have submitted a comment to the Federal Deposit Insurance Corporation (FDIC) in response to the agency’s request for information on small-dollar lending....

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