Former officials from the Consumer Financial Protection Bureau, or CFPB, are calling the watchdog's choice to let Navy ...

On July 1, the CFPB terminated two separate consent orders, one involving a federal credit union and the other involving a ...

The Consumer Financial Protection Bureau terminated an order requiring NFCU to reimburse $80 million to customers.

The CFPB says this will save a household that pays overdraft fees $225 a year — $5 billion in annual savings for American consumers in total. Consumer-focused organizations praised the new rule.

The Consumer Financial Protection Bureau said Tuesday it has terminated its overdraft fee-related consent order against Navy ...

“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 said.

CFPB Director Rohit Chopra has lambasted banks for charging excessive overdraft fees as high as $35. He said that overdraft fees were never meant to be a major profit driver for banks. The CFPB claims ...

Effective Oct 2025, CFPB’s new rule ends overdraft profits. Big banks must cap fees at $5, use cost-basis or fully disclose terms, saving US Americans billions each year.

In a major win for the banking industry, Congress has overturned a Consumer Financial Protection (CFPB) rule that would have limited overdraft fees to $5.

CFPB Director Rohit Chopra has lambasted banks for charging excessive overdraft fees as high as $35. He said that overdraft fees were never meant to be a major profit driver for banks.