"is the only banking regulator that is required to conduct small business impact panels to gather input from small businesses about the potential impact of proposed rules."
"These fees cost families an estimated $12 billion a year, and earlier this year the CFPB proposed a rule to put a cap on unreasonable fees."
"Without the CFPB, consumers' biggest financial investment...would be at risk, and the mortgage market would be in chaos."
"Make no mistake, these overdraft reforms and the $5.5 billion in savings would not have happened without the CFPB."
"Make no mistake. These overdraft reforms and the $5.5 billion in savings would never have happened without the Consumer Financial Protection Bureau."
"So each year credit card companies squeeze billions of dollars in fees out of American consumers, and chief among these are the late fees that you were just discussing, the 20 bucks or 30 bucks or 40 ..."
"OK. That sounds pretty reasonable to me. So if the banks want to charge more than $8, just come and show your math about why you are charging more than $8, and there is not going to be any problem her..."
"The CFPB is helping root out junk fees, and because of that Americans are going to keep a little bit more money in their pockets."
"The CFPB is helping Americans save money on their homes and their bank accounts and their medical bills."
"If a bank needs to charge more than $8 to cover the actual cost of collecting missed payments, would the proposed rule permit that?"
"So it is not an end to late fees. The rule just lowers the maximum amount the credit card companies can charge while getting automatic immunity from enforcement actions, and that dollar figure right n..."