If Trump were legitimately interested in protecting consumers, why then did he cancel caps on bank overdraft fees last year? Why is he also dismantling the Consumer Protection Bureau?
This contradictory chaos is like kidnapping the leader of a foreign country on drug trafficking charges days after pardoning and releasing one the largest convicted drug traffickers in history!
https://finance.yahoo.com/news/trump-call-10-credit-card-143014438.html
Do you hate BANK FEES and OVERDRAFTS? I do too
https://tonywideman.com/what-is-chime-bank-100-sign-up-bonus #BankFees
Banks to refund $60m of ‘excessive’ fees but CommBank withholds $270m
Thousands of Australians wrongly slugged more than $60 million in excessive bank fees could soon get a refund,…
#NewsBeep #News #Headlines #alangray #asic #AU #Australia #Bankfees #bankwest #CommonwealthBank #eligibleforrefunds #excessivebankfees #kimberleynews #wanews
https://www.newsbeep.com/25340/
Advice from the #CFPB helped me to beat a bad debt that wasn't mine in court (I was my own lawyer). Armed with pertinent questions for the debt owner, I was able to prove that it wasn't my debt. But I wouldn't have been able to do it without that information (not without hiring a lawyer, which could end up costing more than the debt)!
Workers at the CFPB watch hopelessly as the GOP undoes their work
By KEN SWEET
Updated 7:27 AM EDT, July 15, 2025
NEW YORK (AP) — "The lights are on at the Consumer Financial Protection Bureau across the street from the White House, and employees still get paid. But, in practice, the bureau has been mostly inoperable for nearly six months. CFPB employees say they essentially spend the workday sitting on their hands, forbidden from doing any work by directive from the White House.
"The bureau is supposed to be helping oversee the nation’s banks and financial services companies and taking enforcement action in case of #wrongdoing. Instead, the situation is Kafkaesque: the main function seems to be undoing the #rulemaking and law enforcement work that was done under previous administrations, including in President Donald Trump’s first term.
"American consumers can no longer look to the bureau for help when it comes to their checking account, credit card, #PaydayLoan, auto loan or #mortgage. Trump has neutered the watchdog, employees say, the culmination of a yearslong effort by Republicans who felt the agency often went overboard in its efforts."
#ConsumerProtection #TrumpSucks #USPol #CorporateColonialism #PaydayLoanSharks #Debt #IdentityTheft #BankFees #CollectionAgencies
Trump freezes consumer watchdog. CFPB staff idle, refund deals erased, complaints down 80%. Oversight gap or needed deregulation? Read more: zurl.co/0o8KG #CFPB #BankFees #USPolitics
The increased consumer costs from the CFPB's rollback of #regulations on #BankFees, wholesale dismissal of cases against #banks & other #lenders & the failure to disburse funds for harmed #borrowers run counter to Trump's pledges to ease the cost of living, acc/to #Student Borrower Protection Center & #Consumer Federation of America.
Since #Trump took control of the #CFPB in Feb, calling for its elimination, admin ofcls have sought to reduce the workforce by about 90% & curtail its oversight.
Tell your MP it's past time to reign in the Big 5 Bank greed: How the Big Five banks are quietly squeezing billions out of Canadians #Canada #cdnpoli #Banks #interestrates #bankfees https://www.corporateknights.com/?p=41359
Financing for CFPB okayed by SCOTUS with Alito and Gorsuch dissenting.
https://news.bloomberglaw.com/us-law-week/cfpbs-funding-system-upheld-by-us-supreme-court-in-biden-win
#Consumer #Lending #BankFees
The financial industry knows how to take advantage when you accidentally overdraw your bank account, charging up to a $35 fee for a single overdraft. Sign this petition supporting the Consumer Financial Protection Bureau’s plan to cut overdraft fees to $14 or less, and require banks to clearly disclose upfront what the full costs are.
#USPolitics #economy
#consumerprotection #bankfees
#junkfees
https://action.consumerreports.org/nb-20240227-cfpboverdraftfees
Effective Interest Rate of Service Charges
If you are paying a lot in monthly service charges for your bank account what is your actual effective interest rate? #Negative #LessThanZero
#bankfees #servicecharges
https://www.canajunfinances.com/2024/03/20/effective-interest-rate-of-service-charges/
Canadian Banks Ripped Me Off
