U.S. CFPB says considering guidance aimed at curbing banks’ reliance on overdraft, non-sufficient fees revenue -Breaking
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© Reuters. FILE PHOTO : This is the seal of Consumer Financial Protection Bureau (CFPB), seen at Washington, U.S.A, on May 14, 2021. REUTERS/Andrew Kelly/File photoWASHINGTON, (Reuters) – The U.S. Consumer Financial Protection Bureau’s (CFPB), chief said Wednesday to reporters that he had asked his staff for additional guidance. This was meant to reduce banks’ reliance upon non-sufficient and overdraft fees.
“The [consumer watchdog]We are considering various regulatory measures to ensure that there is meaningful competition.
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