内容摘要：Chief executive Louise Beardmore said: "We have delivered another strong set of results for customers, communities and the environment in the North West."

Chief executive Louise Beardmore said: "We have delivered another strong set of results for customers, communities and the environment in the North West."

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.”The Financial Technology Association, an industry group that includes many payment apps as members, noted that Cash App and PayPal both offer separate high-yield, FDIC-insured savings products.

In select circumstances, deposit insurance does cover payment apps. With Cash App, funds are eligible for insurance if consumers link their account to a Cash App debit card. And with Venmo, funds added to an account via direct deposit or check cashing are covered.Still, the CFPB has found that funds stored in a payment app “may be at significantly higher risk of loss for a consumer than if it is deposited in an insured bank or credit union account.”

“Consumers should be aware of these risks if they choose to leave a balance on these nonbank payment apps,” the agency wrote in its report last year. To minimize risks, the CFPB said consumers should “transfer their balances back” to federally insured accounts.Some payment app companies are able to invest users’ funds in loans and bonds, earning money on the investments while generally paying no interest on users’ balances, the CFPB found. To maximize your own funds, immediately transfer any deposits to an account where you can collect interest.