July 19, 2021

American Banker: Warren: CFPB should take a closer look at overdraft fees, crypto

Massachusetts Sen. Elizabeth Warren is widely perceived as the architect of the Consumer Financial Protection Bureau and she used the occasion of the agency's 10th anniversary to call for more robust oversight of cryptocurrency and banks' overdraft practices.

“There are so many areas still where the bureau can make a difference,” the Democratic senator said during a virtual event held by several groups, including Americans for Financial Reform, U.S. Public Interest Research Group and the Center for Responsible Lending, acknowledging the CFPB's anniversary.


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By:  Hannah Lang
Source: American Banker