Quotes
I don't understand why people would want financial crime, ... and if they say it's duplicative, who else will do it?"
Delete CFPB, ... There are too many duplicative regulatory agencies."
Musk wrote in a late November post on X The CFPB is cracking down on these excessive junk fees and requiring big banks to come clean about the interest rate they’re charging on overdraft loans,
Chopra, who was appointed by President Joe Biden, said in a statement Banks call it a service – I call it exploitation,
the president said earlier this year It would effectively bring an end to overdraft services for millions of consumers who—following receipt of a consumer-tested disclosure—choose to use to the product to cover emergency expenses and other liquidity shortfalls, all to advance the Administration's political campaign against 'junk fees,
This would include giving consumers a choice on whether to open the line of overdraft credit, providing account-opening disclosures that would allow comparison shopping, sending periodic statements, and giving consumers a choice of whether to pay automatically or manually,
For far too long, the largest banks have exploited a legal loophole that has drained billions of dollars from Americans' deposit accounts,
CFPB Director Rohit Chopra said in a statement I think some big banks admit that this has gone way too far and gone on way too long. And many of them are even finding that offering low or free overdraft products and services actually helps them gain customers who are looking to be treated fairly,
If your bank is charging you big overdraft fees or reordering your payments to enrich themselves, you need to break up with your bank. There are so many local banks, credit unions and others that are offering a better deal, and you should take your business elsewhere,
Big banks love overdraft. It is easy profit for them, but it is punishing for so many Americans, especially those who live paycheck to paycheck,
Chopra told ABC News in an exclusive interview I don't think it makes sense for the CFPB to be a dead fish,
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