3.28.2025
NYRL Press Release: New York Consumer Groups Urge House Members To Side with Working Families in Bruising Fight
with Mega-Banks Over Overdraft Fee Limits
WASHINGTON, D.C. – On Tuesday, April 2, the full Republican-led House of Representatives is expected to vote on a controversial resolution (H.J. Res 59) to prevent the Consumer Financial Protection Bureau’s (CFPB) finalized overdraft fee rule from going into effect on October 1, 2025. If allowed to go into effect, the CFPB’s overdraft fee rule will reduce big bank overdraft fees from $35 per transaction down to $5, a move that will save the 23 million households in the United States that pay overdraft fees $5 billion annually, or $225 per family. Read more here
3.2.2025
WASHINGTON, D.C. — On Wednesday March 5, the Republican-led House Financial Services Committee is expected to vote on a controversial bill to prevent the Consumer Financial Protection Bureau’s (CFPB) finalized overdraft fee rule from going into effect on October 1, 2025. The CFPB’s overdraft fee rule will reduce big bank overdraft fees from $35 per transaction down to $5, a move that will save the 23 million households in the United States that pay overdraft fees $5 billion annually, or $225 per family. The rule closes a paper-check era loophole that has promoted abusive practices and allowed the biggest banks to earn billions in profits on the backs of the nation’s most economically vulnerable families. The overdraft rule will help everyone, but especially families that are struggling with high prices and making ends meet. The rule only applies to the nation’s largest banks and credit unions with assets over $10 billion. Read more here
2.2.2025
WASHINGTON, D.C. – Consumer Financial Protection Bureau (CFPB) director Rohit Chopra announced on Saturday that he had been fired from the Bureau as the Trump Administration prepares to appoint new leadership. The nation’s biggest banks and other financial industry and congressional opponents of the CFPB have been pushing for Chopra’s firing in recent months. Chopra leaves behind an extensive and comprehensive record of achievements in consumer financial protection, demonstrating the critical role the CFPB and other financial regulators can play in making the financial marketplace fairer for all. Read more here
12.12.2024
NYRL News Release: CFPB Saves New York State Constituents Millions with Final Rule on Overdraft Fees
New York — Consumers in New York State burdened by abusive overdraft fee practices will receive some long overdue relief after today’s announcement that the Consumer Financial Protection Bureau (CFPB) has finalized its overdraft rule. The rule will curb fees from $35 to $5, and save consumers $5 billion nationwide. The CFPB estimates that the new rule will save $225 annually per household that pays overdraft fees. The CFPB’s rule will prevent big banks from charging huge junk overdraft fees that burden families with hundreds of dollars a year and push people out of the banking system. The rule will promote straightforward, affordable forms of coverage protection. Read more here
1.2.2024
Hochul Seeks Consumer Protection Law, Curbs on Medical Debt Collection
with Carolyn Coffey, Director of Litigation for Economic Justice, Mobilization for Justice
11.3.2023
12.2.2022
NYRL Presents Assemblywoman Weinstein with Award and Announces 2023 Legislative Agenda
8.1.2022 | CBS News New York
with Jacob Inwald, Director of Foreclosure Prevention, Legal Services NYC
4.16.2020 | New York Law Journal
Legal Services NYC Asks ‘Virtual Court’ to Consider Underserved Pro Se Clients
with Christopher Newton, Deputy Director, Homeowner & Consumer Rights Project, Queens Legal Services
3.2.2020 | The Capitol Pressroom
Expanding Consumer Protections
with Ariana Lindermayer, Senior Staff Attorney, Mobilization for Justice
2.20.2020 | NY Daily News
by Robert A. Martin, former Associate Director, District Council 37 Municipal Employees Legal Services