On January 18, 2024, the CFPB proposed an extensive (211-page) rule on overdraft practices applicable to Financial Institutions (FIs) of $10 billion or more in assets (so called “very large FIs”). The proposed rule would not...more
1/31/2024
/ Buy Now Pay Later (BNPL) ,
CARD Act ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Electronic Fund Transfer Act ,
Financial Institutions ,
Overdraft Fees ,
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Proposed Rules ,
Regulation Z ,
Regulatory Authority ,
Truth in Lending Act (TILA)
On December 19, 2023, the CFPB issued a new report on OD/NSF Fees entitled “Insights From the Making Ends Meet (MEM) Survey and Consumer Credit Panel (CCP)”. Overdrafts (ODs) occur if the financial institution elects to cover...more
Tristan v. Bank of America, N.A., Case No. 8:22-cv-1183-CDCA (June 8, 2022). There is a groundswell of litigation arising over the lack of fraud warning or bank reimbursement protection for customers utilizing the Zelle...more
The nationwide eviction ban imposed by the Centers for Disease Control and Prevention (the “CDC”) was vacated following a sweeping ruling issued by the United States District Court for the District of Columbia earlier this...more
The nationwide eviction ban imposed by the Centers for Disease Control and Prevention (the “CDC”) was vacated following a sweeping ruling issued by the United States District Court for the District of Columbia earlier this...more