Evan Weinberger

5 days ago | news.bloomberglaw.com | Evan Weinberger

The US Consumer Financial Protection Bureau headquarters in Washington, D.C., on Feb. 10, 2025. Photographer: Al Drago/Bloomberg May 9, 2025, 11:44 PM UTC Evan Weinberger CorrespondentCFPB rules capped overdraft fees at $5, targeted Big TechLawmakers used Congressional Review Act to repeal themPresident Donald Trump officially repealed Biden-era Consumer Financial Protection Bureau rules capping overdraft fees and subjecting digital payment tools operated by companies such as Apple Inc.

5 days ago | news.bloombergtax.com | Evan Weinberger

President Donald Trump officially repealed Biden-era Consumer Financial Protection Bureau rules capping overdraft fees and subjecting digital payment tools operated by companies such as Apple Inc. to agency supervision. Trump signed the measures into law on Friday, eliminating two of former CFPB Director Rohit Chopra’s signature rulemaking efforts. The House passed the measures repealing the CFPB’s $5 overdraft fee cap (S. J. Res. 18) and its larger participant rule for digital payment providers (S. J.

5 days ago | news.bloomberglaw.com | Evan Weinberger

The US Consumer Financial Protection Bureau headquarters in Washington, D.C., on Feb. 10, 2025. Photographer: Al Drago/Bloomberg May 9, 2025, 9:30 PM UTC Evan Weinberger CorrespondentBiden-era rule blocks medical debt from credit reportsTrump’s CFPB asked court to eliminate the regulationConsumer groups will have the opportunity to defend a Biden-era rule banning the inclusion of medical debt on credit reports as the Trump administration attempts to kill it.

5 days ago | news.bloombergtax.com | Evan Weinberger

Consumer groups will have the opportunity to defend a Biden-era rule banning the inclusion of medical debt on credit reports as the Trump administration attempts to kill it. The New Mexico Center on Law and Poverty, Tzedek DC, and other consumer plaintiffs can step in to defend the Consumer Financial Protection Bureau’s medical debt rule, Judge Sean D. Jordan of the US District Court for the Eastern District of Texas ruled Friday.

5 days ago | news.bloombergtax.com | Evan Weinberger

The National Credit Union Administration is facing a staffing shortage and looking for employees to perform more than one job function to meet the agency’s mandate, according to an email obtained by Bloomberg Law. The federal credit union regulator has already lost more than 100 of its approximately 1,200-member staff, NCUA Executive Director Larry Fazio said in a Friday email to agency employees.