The Consumer Financial Protection Bureau has proposed a rule to curb excessive overdraft fees charged by major financial institutions in the U.S.The Rule would require the nation's largest banks to apply longstanding consumer protections, including interest rate disclosures to overdraft loans.An outdated loophole had exempted overdraft lending services from implementing provisions of the Truth in ...
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Political News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.