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WASHINGTON—Banking and credit union trade groups are speaking out against the CFPB’s final overdraft rule, which caps overdraft program fees at $5 and applies to financial institutions, including credit unions, above $10 billion in assets.

JACKSON, Miss.– Financial trade groups wasted little time in challenging the CFPB’s final overdraft rule, filing a lawsuit here in United States District Court for the Southern District of Mississippi, Northern Division.

TALLAHASSEE, Fla.—Florida is taking big steps in the Bitcoin space, seeking to establish its own Bitcoin reserve by early 2025, The Crypto Times reported.

WASHINGTON—There are ways the Federal Reserve discount window processes could be more efficient, America’s Credit Unions wrote in response to a Federal Reserve Board of Governors’ request for information regarding changing operational aspects of the window.

MIAMI—U.S. consumers added $21 billion in credit card debt during the third quarter of 2024, bringing cardholders’ total balance to roughly $1.29 trillion, WalletHub reported, citing its Credit Card Debt Study.

ALEXANDRIA, Va.—When the NCUA board meets Tuesday, it will vote on its 2025-26 budget and a final rule on succession planning.