Policymakers shouldn’t undermine existing overdraft regulations


The current overdraft rules could use some tweaks, but it should largely remain the same to protect consumers.


'Let's encourage banks to join payday lenders': Comments of the week


Readers react to the Fed warming up to CRA reforms, criticize the Democratic presidential candidates, defend Pittsburgh as a megabank attraction and more.


Banks take a pass on rollback of overdraft rule


The CFPB asked whether 10-year-old consumer protections against overdrafts are onerous or unfair, especially to smaller financial institutions, but banking industry officials largely said any changes could invite new problems.


'What a bunch of Luddites!': Comments of the week


Readers react to Congress vetting Facebook's Libra, heavily debate whether to delay CECL, opine attempts to roll back overdraft laws and more.


State AGs oppose CFPB efforts to roll back overdraft rule


New York Attorney General Letitia James said there is “no basis to believe” that the overdraft rule has harmed small banks and credits unions.


As California mulls rules for payday loan alternative, rifts emerge


Companies that offer early access to earned wages want a regulatory framework for their fast-growing industry. But the bill under consideration in Sacramento is exposing big divisions in the sector.


CEO acquitted in financial crisis case; Wedded to debt


Former Barclays CEO John Varley was accused of trying to obtain funds to avoid a government bailout; borrowing to pay for weddings surged last year.


Discover eliminates fees on checking, savings accounts


The move figures to generate more low-cost funding for the firm’s consumer lending businesses without sacrificing substantial revenue.


Consumer gripes grow, AI oversight, luring tech talent: Top stories of the week


As CFPB mulls privatizing database, consumer complaints are on the rise; an argument for continued human oversight of artificial intelligence; how some banks are luring talent from big tech; and more from this week's most-read stories.


Bitcoin bounces back; CFPB reviewing overdraft fee rule


"Institutional support" spurs cryptocurrency price gains; the regulation limits what banks can charge for going negative on accounts.