CFPB charges Navy Federal Credit Union $95 million for overdraft and junk fees
Finextra
NOVEMBER 8, 2024
The Consumer Financial Protection Bureau (CFPB) has charged the US’s largest credit union for illegally charging users overdraft fees.
Consumer Financial Protection Bureau (CFPB) Credit Union Junk Fees 
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The shifting EWA regulatory framework and its impact on bank partnerships and instant payment adoption
Tearsheet
MARCH 27, 2024
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.
CFPB Finalizes Rule Limiting Credit Card Late Fees
Global Fintech & Digital Assets
MARCH 8, 2024
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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