CFPB’s Latest Rulemaking Agenda Includes Focus on Fees
The Consumer Finance Protection Bureau (“CFPB”) has released their latest rulemaking agenda which is aimed at reducing bank fees, to include overdraft, nonsufficient funds, and credit card late fees. Other items on their rulemaking agenda include: a proposal to amend legal duties under the Fair Credit Reporting Act and amendments to small-business lending data collection under section 1071 of Dodd-Frank, among others. Read more.