Topic: Overdraft Protection
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What is the status of pending federal regulations?
ANAYLSIS: As we all know, federal agencies under the Trump administration are now pulling back many recently issued regulations. If you’re having trouble keeping up with news about regulatory changes lately, […]
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CFPB withdraws 67 guidance documents
ANAYLSIS: The CFPB recently announced that it is withdrawing 67 regulatory guidance documents it has issued since 2011. This includes guidance regarding fair lending, overdraft fees, buy now, pay later loans, earned wage […]
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President signs resolution nullifying overdraft fee rule
NEWS: President Trump has signed a joint congressional resolution that officially repeals the Consumer Financial Protection Bureau (CFPB) rule capping overdraft protection fees. The House passed S. J. Res. 18, repealing the CFPB’s […]
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CFPB withdraws proposal to bar certain NSF fees, but warns it may try again
NEWS: The CFPB has withdrawn a proposed rule that would have barred credit unions and other financial institutions from charging nonsufficient funds (NSF) fees when a consumer’s payment transaction is declined instantaneously or […]
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NCUA joins CFPB in warning against “unfair” overdraft & NSF fees
NEWS: It’s hardly news that federal regulators, especially the Consumer Financial Protection Bureau (CFPB), take a dim view of overdraft and non-sufficient funds (NSF) fees charged by credit unions and other […]
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League joins “friend of the court” brief opposing OD rule
NEWS: Yesterday, The League joined 17 other U.S. credit union leagues and associations in filing an “amicus” brief (i.e., a “friend of the court” brief) in support of America’s Credit Unions’ federal litigation […]
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NCUA: Letter to Credit Unions No. 25-CU-01 – NCUA’s 2025 Supervisory Priorities (January 2025)
This letter outlines the NCUA’s supervisory priorities and other updates to the agency’s 2025 examination program. Our priorities focus on the areas posing the highest risk to credit union members, […]
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CFPB rule limits overdraft credit practices & fees at largest financial institutions
NEWS: Today, the federal Consumer Financial Protection Bureau (CFPB) issued a new final rule on overdraft credit that is offered to consumers. The rule, which is set to take effect Oct. 1, 2025, […]
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Texas federal court strikes down DOL overtime rule
NEWS: On November 15, 2024, the U.S. District Court for the Eastern District of Texas vacated the Department of Labor’s (DOL) 2024 overtime rule, which would have significantly raised the salary […]
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Navy Federal ordered to refund members and banned from charging certain overdraft fees
NEWS: The Consumer Financial Protection Bureau (CFPB) ordered Navy Federal Credit Union to refund more than $80 million to members, stop charging certain overdraft fees, and pay a $15 million civil penalty. This […]