CFPB: Five Never, Three Maybe, One for Now

It was interesting to read David Baumann’s June 23, 2017 article on the 22 trade groups that are asking Congress to convert the CFPB into a five-member, president-appointed, Senate-confirmed, bi-partisan commission. The most interesting aspect about this effort...

MidFlorida CU to Pay $2.375 Million in Overdraft Suit

Lakeland, Fla.-based MidFlorida Credit Union has agreed to pay $2.375 million to settle a class-action lawsuit regarding its overdraft fee practices. The settlement requires MidFlorida CU, which has $2.9 billion in assets and 271,000 members, to pay members for...