Monday - December 23, 2024
Following Senator Reverend Warnock's Urging, CFPB Announces Termination of Overdraft Loophole, Potentially Saving American Families Billions
December 13, 2024
WASHINGTON, Dec. 13 -- Sen. Raphael G. Warnock, D-Georgia, issued the following news release:

The Consumer Financial Protection Bureau's (CFPB) finalization of the rule is estimated to save Georgians and Americans up to $5 billion each year, or roughly $225 per household

The loophole exempted overdraft loans from lending laws

At a recent Senate Banking committee hearing, Senator Reverend Warnock urged CFPB to close this loophole

Senator Reveren . . .

Targeted News Service Document Request Form

This document is available to you by e-mail if you complete the form below with relevant information. There may be a fee for this article or ongoing service of similar materials. We will be in touch shortly.

Name:
What's your
Affiliation
Government Newspaper / Media Business
Public Policy Individual / Student Educators
Email:
Phone:
Organization, if any:
State/Country you are in:
Additonal questions
or comments:

Click here for more information about our products

Click here for more information about our products