Warren calls for CFPB to review overdraft fees, crypto

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Law360 (July 19, 2021, 8:08 p.m. EDT) – Senator Elizabeth Warren, D-Mass., Said on Monday that the Consumer Financial Protection Bureau should be part of the regulatory response to emerging cryptocurrency risks and cited the bank “Predatory” overdraft fee practices are one area where she hopes the agency will act as it marks its 10th anniversary.

At an online event hosted by Americans for Financial Reform and other consumer advocacy groups, Warren praised the CFPB for “fighting the right fights” on behalf of consumers since it opened its doors 25 years ago. ten years this month, but she said there were “so many areas still where the office can make a …

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