Ted Huffman

Ted Huffman

Katten Muchin Rosenman LLP

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CFPB Proposes a New Rule on NSF Fees When Consumers Are Denied Fund Withdrawals

On January 24, the Consumer Financial Protection Bureau (CFPB) issued a new proposed rule in its ongoing campaign against so-called “junk fees.” The proposed rule specifically targets nonsufficient funds (NSF) fees charged...more

2/5/2024  /  Banking Sector , Comment Period , Consumer Financial Protection Bureau (CFPB) , Financial Services Industry , Proposed Rules

The Latest Chapter in the Government's War on Purported "Junk" Fees: The CFPB Moves to Define Overdraft Services as Credit and to...

On January 17, the Consumer Financial Protection Bureau (CFPB or Bureau) issued its Notice of Proposed Rulemaking regarding proposed changes to overdraft fee rules for certain banks and credit unions. In the widely...more

1/22/2024  /  Banking Sector , Consumer Financial Products , Consumer Financial Protection Bureau (CFPB) , Consumer Lenders , Fees , Financial Institutions , Financial Services Industry , Overdraft Fees , Proposed Rules
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