内容摘要：Chair Jerome Powell, who Trump has complained has not cut interest rates aggressively.

Chair Jerome Powell, who Trump has complained has not cut interest rates aggressively.

was finalized and set to take effect in October, but Vought’s directive puts it on hold. Banks had previously sued to get the rule thrown out.The rule would require the largest banks to pick one of three options: to reduce overdraft fees to $5, to reduce them to a rate that reflects how much an overdraft costs them, or to disclose, along with the fee, the fee’s Annual Percent Rate (APR) as they do with other short-term loans. Overdraft fees currently run about $35 on average.

The CFPB finalized a rule in January that would remove. The agency had said the change could potentially improve the credit scores of millions of people and make it easier for them to get mortgages and other loans. The rule was set to take effect 60 days after its publication in the Federal Register but is now suspended. It also was the subject of a legal challenge.“President Trump campaigned on lowering prices, and a lot of people voted for him because of high prices. and yet we’re seeing Republicans move to make them pay high overdraft fees and pay more for loans on their credit,” said Lauren Saunders, associate director of the National Consumer Law Center. “The public broadly thinks that overdraft fees are unfair and medical debt shouldn’t be on credit reports. If you ask ordinary people, these are not partisan issues.”

Lindsey Johnson, president and CEO of the Consumer Bankers Association, characterized the CFPB’s work under Biden as “aggressive.” She said the agency took action in recent years without going through the appropriate procedures.“We don’t believe they had the proper oversight,” she said.

Miranda Margowsky, a spokesperson for the Financial Technology Association, an industry group that counts many financial technology companies as members, said her organization anticipates and hopes several CFPB rules, including those governing “buy now, pay later” plans and other fintech products, will be reversed “with the stroke of a pen.”

She characterized the rules as “overly broad, overreaching, and harmful.”Amy Arnott is a portfolio strategist at Morningstar.

NEW YORK (AP) — Between finding openings, sending out your resume and interviewing, looking for a job is tough. Now a growing trend ofimpersonating recruiters is making it even harder.

In the last year, job scams have been on the rise, according to Eva Velasquez, president and CEO of the Identity Theft Resource Center, a nonprofit that helps consumers when their identities are compromised.Because most job seekers turn to online platforms for employment, scammers impersonate companies and recruiters to trick people into giving them money or personal information.