Reported about 19 hours ago
The Consumer Financial Protection Bureau (CFPB) under Rohit Chopra is pushing forward with controversial regulations as the Biden administration nears its end, defying Republican warnings. Key changes include drastically reducing overdraft fees and barring medical debt from credit reports, which have drawn strong opposition from the banking sector. While GOP lawmakers have indicated they may use the Congressional Review Act to repeal these regulations, the CFPB seems confident that these consumer protection measures will resonate with the public and may be difficult to undo.
Source: YAHOO