Consumer Protection
- February 21, 2024 - 2:00PMPastJanuary 25, 2024WASHINGTON, D.C. – A new White Paper published this week from Nick Bourke, former Director of Consumer Finance at The Pew Charitable Trusts, estimates the Federal Reserve Board’s proposal to further cap debit interchange fees could increase consumer costs by up to $2 billion if finalized. The White Paper, entitled “ How Proposed Interchange Fee Caps Will Affect Consumer Costs ,” draws from prior...January 2, 2024WASHINGTON, D.C. – The Consumer Bankers Association (CBA) last week submitted a comprehensive comment letter responding to a proposed rule seeking to implement Section 1033 of the Dodd-Frank Act that was released by the Consumer Financial Protection Bureau (CFPB) in October 2023. In the letter, CBA urged the Bureau to consider several revisions to better protect consumers and their personal...December 13, 2023 - 1:00PMPastDecember 13, 2023WASHINGTON, D.C. – As the Consumer Financial Protection Bureau (CFPB) prepares to release a proposed rule that could force banks into a one-size-fits-all approach to their highly-tailored overdraft products, it is critically important for policymakers to recognize the widespread overdraft reforms implemented by America’s leading banks over the last decade to meet evolving consumer demands. Here's...November 22, 2023WASHINGTON, D.C. – As the holiday season approaches, millions of Americans are preparing to travel, purchase gifts for friends and family members, and make charitable donations. America’s leading banks are working to support consumers during this time by providing the innovative financial tools they rely on to meet their financial needs, while simultaneously taking steps to bolster fraud and scam...September 25, 2023 - 2:00PMPastSeptember 20, 2023 - 1:00PMPastSeptember 12, 2023 - 1:30PMPast
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