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HISTORICAL FACTS: 13 - Caught on Camera

JPMorgan Chase, Bank of America, Wells Fargo and Zelle sued by regulator that claims the banks lost $870 million

The controversial regulator alleges the banks failed to prevent fraud on Zelle, a payment platform they co-own.

Fortune

Trump will destroy the government agencies that most help working people

For all its supposed ‘populism’, the new administration will probably target offices that protect consumers

The Guardian - US

Bernie Sanders Backs Trump's Plan for 10% Credit Card Interest Rate Cap To Save Americans Billions

Bernie Sanders hopes that Donald Trump will fulfil his promise to impose a temporary credit card interest rate cap of 10% to help Americans repay existing debt and improve personal finances.

International Business Times UK

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read the most diverse news in one place.

Banks Sue CFPB Over Overdraft Fee Limit Rule

Banks challenge CFPB's new overdraft fee rule, citing regulatory overreach and potential consumer impact.

Top News

The White House is cracking down on overdraft fees

The Consumer Financial Protection Bureau is capping the fees at $5 with a rule set to take effect in October 2025, if it isn't overturned by Congress or altered under a Trump administration

The Independent UK

Why the GOP hates this consumer agency

Elon Musk is leading another effort to "delete" the CFPB. It's complicated.

Salon

Google is suing to block CFPB oversight over Google Pay, calling it 'government overreach'

Since Google Pay is no longer available in the US, Google doesn't think it deserves to be supervised.

Android Central

Cap on credit card fees rejected

Groups including the U.S. Chamber of Commerce lobbied against the regulation

Salon

Google sues US Consumer Financial Protection Bureau over federal supervision order for Google Pay

Google is unhappy with its federal supervision order from the Consumer Financial Protection Bureau.

TechRadar

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Tom’s Guide

New rule would make it much harder for data brokers to sell your personal info

The Consumer Financial Protection Bureau hopes to regulate data brokers the same way it does credit bureaus and background check companies.

The Guardian - US

Trump picks Republican mega-donor Warren Stephens as ambassador to UK

Investment banker has donated regularly to conservative causes although not always in favor of the president-elect

The Independent UK

Elon Musk names financial watchdog government agency he wants to ‘delete’

Musk used a clip from ‘The Joe Rogan Experience’ to make the announcement

The Guardian - US

Elon Musk calls to ‘delete’ US consumer finance watchdog

Tech billionaire tapped by Trump posts on X about wanting to eliminate Consumer Financial Protection Bureau (CFPB)

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Al Jazeera

Trump ally Elon Musk calls to ‘delete’ US consumer protection bureau

Musk, a confidant of the president-elect, is set to co-lead Trump’s newly created Department of Government Efficiency.

Salon

Musk wants to "delete" CFPB

The Consumer Financial Protection Bureau was created in 2008 to protect people from predatory financial practices

Android Central

Consumer Financial Protection Bureau finalizes rule to supervise apps like Google Wallet

Big tech companies ended up creating "critical financial tool," hence why the CFPB wants oversight.

International Business Times

CFPB's Future Uncertain: Bankers Anticipate Changes Under Trump Administration

Although the open banking regulation of the Consumer Financial Protection Bureau (CFPB) is intended to safeguard consumer rights, bankers anticipate changes under the Trump administration, which might curtail the agency's authority.

TechRadar

US government agency warns workers of possible Chinese cellphone hacks

Cellphones should not be used for work-related purposes, as CFPB issues warning to staff in aftermath of Salt Typhoon attack against US telecommunications infrastructure.

Fortune

At the country’s biggest fintech conference, the U.S. election is the elephant in the room

CFPB’s Chopra gets rockstar welcome at Money20/20 just days after finalizing open banking rule

Fortune

Election warning: Zelle CEO says elderly users face high risk of political donation scams

With reports of elderly victims of political scammers on the rise, the payment giant that transacted $481 billion in the first half of 2024 says families need to get involved.

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