This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Republicans target overdraft fee cap rule as part of efforts against US CFPB

By Neil Roland ( February 13, 2025, 23:14 GMT | Comment) -- As they seek to dismantle the US Consumer Financial Protection Bureau, Republicans are also looking in the meantime to nullify at least one of the consumer watchdog’s existing rules. Republican lawmakers today led by Senate Banking Committee Chair Tim Scott and House Financial Services Committee Chair French Hill introduced resolutions to overturn the CFPB’s rule on overdraft fee caps applied to banks and credit unions with over $10 billion in assets. Scott, Hill and 25 other lawmakers invoked the Congressional Review Act, which allows Congress 60 days to roll back an agency rule.As they seek to dismantle the US Consumer Financial Protection Bureau, Republicans are also looking in the meantime to nullify at least one of the consumer watchdog’s existing rules....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login