CFPB's Overdraft Rule and Big Tech Payment Apps Rule Set for Repeal After Congressional Votes
By EsqSocial Corporation 11/04/25
Among other significant rulemakings that the Consumer Financial Protection Bureau (CFPB) finalized in the waning days of the Biden Administration were 1) an overdraft fees final rule that applies to banks and credit unions with more than $10 billion in assets, offering these financial institutions with several options to manage their overdraft lending program, and 2) a larger participant final rule to supervise larger nonbank companies that offer "general-use digital consumer payment...
By: Holland & Knight LLP