Bank Groups Seek Halt Of CFPB's $5 Overdraft Fee Rule
By Katryna Perera ( December 19, 2024, 9:33 PM EST) -- Bank groups have asked a Mississippi federal judge to put an interim hold on the Consumer Financial Protection Bureau's new rule establishing a $5 overdraft fee cap at larger banks and credit unions, arguing that the agency is trying to unwind more than a half-century of regulatory interpretation at a great potential cost to the industry....
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