Overdrafts

Policymakers shouldn’t undermine existing overdraft regulations

07/18/19

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

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

07/11/19

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

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Banks take a pass on rollback of overdraft rule

07/08/19

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.

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

07/04/19

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

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State AGs oppose CFPB efforts to roll back overdraft rule

07/02/19

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

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As California mulls rules for payday loan alternative, rifts emerge

06/24/19

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.

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CEO acquitted in financial crisis case; Wedded to debt

06/24/19

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.

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Discover eliminates fees on checking, savings accounts

06/17/19

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

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

05/17/19

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.

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Bitcoin bounces back; CFPB reviewing overdraft fee rule

05/15/19

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

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