The US Supreme Court will have a big say in whether the Consumer Financial Protection Bureau succeeds next year in reshaping how banks handle customer data and charge fees.
Consumers would have an easier time sharing their financial data and switching banks, and would get caps on credit card fees under final rules the CFPB plans to issue in the coming year. The agency has also started writing key rules set to advance in 2024 that would restrict fees for overdrafts and insufficient funds, and redefine the credit reporting industry.
But those ambitious efforts fall in the shadow of existential ...
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