Tag: Warren
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Warren calls out OCC over merger policy ahead of Capital One-Discover
The banking industry is once again in the spotlight as Senator Elizabeth Warren raises concerns over the Office of the Comptroller of the Currency’s (OCC) merger policy ahead of the proposed Capital One-Discover merger. Warren, a vocal critic of big banks and their practices, has accused the OCC of failing to properly assess the potential…
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Warren probes Zelle scam policy
Warren Probes Zelle Scam Policy Senator Elizabeth Warren has recently initiated an investigation into the scam policy of Zelle, a popular mobile payment app. With the increasing prevalence of online scams and fraud, consumers are rightfully concerned about the security measures in place to protect their hard-earned money. Zelle, owned by a consortium of major…
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Warren urges CFPB to act on card late fee rule
Published on April 15, 2021 Senator Elizabeth Warren is putting pressure on the Consumer Financial Protection Bureau (CFPB) to take action on the issue of credit card late fees. In a recent letter to the Bureau, Warren expressed her concerns about the impact of these fees on consumers and called for stronger regulations to protect…