Court denies open banking briefs
A federal judge said “friend of the court” briefs wouldn’t be helpful in litigation over the Consumer Financial Protection Bureau’s open banking rule.
Judge blocks briefs supporting CFPB open banking rule
Industry and consumer groups are lining up support for the Financial Technology Association's legal effort to uphold the Consumer Financial Protection Bureau's open banking rule, but a federal judge denied their motions to file briefs in support of FTA's case.
Memorandum of the Financial Health Network, Consumers Reports, and SaverLife as Amici Curae in Forcht Bank, NA vs. Consumer Financial Protection Bureau
This Memorandum is submitted in support of intervenor Financial Technology Association’s opposition to plaintiffs’ and defendants’ motions for summary judgment and in support of intervenor’s cross-motion. Amici are non-profit organizations dedicated to advancing the financial health of American households.
Republican Budget Bill Could Change Medicaid for 7 Million
The U.S. House of Representatives narrowly passed a sweeping Republican budget bill early Thursday morning, setting up the possibility of major changes to the Medicaid program that could impact as many as 7 million people, according to the Congressional Budget Office.
Beatty Leads Bipartisan Resolution Championing Financial Health for Every American
Today, Financial Literacy and Wealth Creation Caucus Co-Chairs Congresswoman Joyce Beatty (OH-03) and Congresswoman Young Kim (CA-40) introduced H.Res.292, a resolution to recognize April as Financial Literacy Month to increase public awareness of the value of financial capability and the need for sound money management practices.
Consumers Paid $12.1B In Overdraft/NSF Fees in 2024—Credit Union Members Hit Harder Than Bank Customers
The data, from the Financial Health Network (FHN), shows those expenditures are approximately 48% more than the company previously thought and that CUs are grabbing a big share of the total overdraft fee market.
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