America’s Credit Unions vehemently opposes the CFPB’s proposed rule on overdraft fees, as it will harm community-based credit unions and their members, the organization wrote to the CFPB Monday. The comments were sent in response to the CFPB’s proposal on overdraft services charged by financial institutions with more than $10 billion in assets. “The proposed …
The CFPB Friday released its 2023 consumer response report. The report details the bureau’s handling of over 1.6 million consumer complaints. According to the CFPB, it routed 81% of those complaints to companies for review and response with 6% going to other regulatory agencies. Additionally, the bureau noted an uptick in complaints about credit …
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