In recent remarks delivered at the U.S. Chamber of Commerce Capital Markets Summit, Acting Comptroller of the Currency, Rodney E. Hood, outlined the OCC’s strategic priorities for building a resilient and revitalized federal...more
In recent discussions surrounding banking practices, the issue of overdraft fees, particularly for ATM and one-time debit card transactions, has gained significant attention....more
10/7/2024
/ Banking Sector ,
Banks ,
Compliance ,
Consent ,
Consumer Financial Protection Bureau (CFPB) ,
EFTA ,
Financial Institutions ,
Financial Services Industry ,
Insufficient Funds ,
Notice Requirements ,
Opt-In ,
Overdraft Fees ,
Popular ,
Recordkeeping Requirements ,
Regulation E
On June 6, 2023, the Consumer Financial Protection Bureau (CFPB) issued a Spotlight on financial institutions’ growing use of “chatbots” as a means to provide cost-effective customer service.
The use of chatbots in...more