Business > Industry

CFPB's planned overdraft crackdown could signal more pro-consumer efforts on the way

1 month ago   |   By Business Insider

Overdraft and NSF charges accounted for nearly two-thirds of banks' fee revenue in 2019.
A "range of regulatory interventions" implemented by CFPB will protect consumers from the heaviest purveyors of the practice.
Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Banking industry. Learn more about becoming a client .
The news: Consumer Financial Protection Bureau Director Rohit Chopra announced the regulatory body is planning a "range of regulatory interventions" following new CFPB research that showed banks still heavily rely on overdraft fees. Insider...
Read more ...

 


Search by Tags

   Industry      Finance      Insider Intelligence      BI Intelligence      BI Intelligence Content Marketing      Financial Services News      Insider Intelligence - Finance  


Malaysian B2B Marketplace Startup Raises $7 Million To Help Digitalize...

Dropee, a B2B e-commerce marketplace based in Malaysia, raised $7 million in Series A funding led by returning investor Vynn Capital. Read more ...

27 House members sign letter asking Nancy Pelosi and Kevin McCarthy to bring...

Democratic Rep. Jared Golden of Maine is leading a letter calling on House leadership to bring a bill to ban stock trading to the floor. Allison Shelley/Getty Images 27 House... Read more ...

Omicron Is the Latest Covid Blow to the Economy

The latest wave of coronavirus cases is slowing the recovery, but its longer-term impact is less clear. Read more ...

Western Reluctance on Nord Stream II Gas Pipeline, SWIFT Emboldens Russia

History teaches us a good lesson. Weak sanctions in the past failed to prevent Russian aggression in Ukraine. If the West fails to deter adequately, the consequences will be... Read more ...

Google's forming a blockchain unit and looking to partner on crypto

Google is creating a new unit dedicated to blockchain and other next-gen distributed computing tech. It's too early to tell if the effort is for research or to boost Google... Read more ...

UK scrapping Covid tests for some travelers

UK scrapping Covid tests for some travelers

Boris Johnson praised his government for making ‘big calls' and taking ‘tough decisions' Fully vaccinated travelers will soon no longer be required to undertake Covid-19 tests... Read more ...

Warren Buffett has nearly caught up with Cathie Wood after the tech-stock...

Warren Buffett. Getty Images / Bill Pugliano Warren Buffett has only lagged Cathie Wood by a small margin since the start of 2020. Berkshire Hathaway stock has climbed 34%... Read more ...

Scientists are closely watching an Omicron subtype spreading in Denmark, the...

BA.2 is harder to detect on lab tests than BA.1. Leon Neal/Getty Images Scientists worldwide are closely tracking an Omicron subtype, called BA.2. In Denmark BA.2 is surpassing... Read more ...

Shell's massive carbon capture facility in Canada emits far more than it...

Shell's Quest plant in Alberta, Canada has previously been touted as a "thriving example" of how CCS is working to significantly reduce carbon emissions. Read more ...

My first trip to Texas Roadhouse showed exactly why the chain is so beloved

Irene Jiang / Business Insider Texas Roadhouse sales have boomed over the last year. I visited for the first time, and I found good food and huge portions at fair prices. I had... Read more ...