Banks Bristle At CFPB's 'Preventive' Ban On Some NSF Fees

By Jon Hill (March 26, 2024, 11:34 PM EDT) -- Banking trade groups are lobbying the Consumer Financial Protection Bureau to scrap a proposed rule that would ban fees on instantly declined transactions, arguing the measure is at best a solution in search of a problem and at worst a Trojan horse for expanding the agency's anti-abusiveness authority....

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