Remove Consumer Financial Protection Bureau (CFPB) Remove Credit Union Remove Junk Fees
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The shifting EWA regulatory framework and its impact on bank partnerships and instant payment adoption

Tearsheet

Many banks and credit unions are moving quickly to offer RTP capabilities to their business clients, who are in turn looking to offer EWA options to employees,” Jim Colassano, SVP of product development and strategy at The Clearing House, told Tearsheet.

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CFPB Finalizes Rule Limiting Credit Card Late Fees

Global Fintech & Digital Assets

The rule targets a statutory loophole that the CFPB asserts large credit card issuers exploited to exact excessive late fees from consumers. Challenges Expected Like the original proposal, the Rule is facing intense criticism from market participants and trade groups representing banks and credit unions.

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