On Jan. 24, 2024, the CFPB released a proposed rule that would, if finalized in its present form, prohibit financial institutions from charging NSF fees when consumers initiate transactions that are instantaneously or near-instantaneously declined.
The Consumer Financial Protection Bureau (“CFPB” or “Bureau”) recently issued a proposed rule that would prohibit financial institutions from charging nonsufficient funds (“NSF”) fees.
CFPB Proposes to Ban NSF Fees for Instantaneously Transactions natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.