Critics complain the independent agency, funded by the Federal Reserve System, lacks sufficient supervision and regularly exceeds its regulatory authority. Defenders argue the bureau’s watchdog mission has strong bipartisan support.

While advocates argue the change will provide great financial relief to millions struggling with high health care costs, critics contend it could harm financial systems and incentivize delinquency.

One in five Americans have at least one medical debt collection account on their credit reports, and over half of collection entries on credit reports are for medical debts.

While banks have cut back on overdraft fees in the past decade, the nation’s biggest banks still take in roughly $8 billion in the charges every year, according to data from the Consumer Financial Protection Bureau and bank public records. Currently, there is no cap on the overdraft fees that banks can legally charge.

School districts currently work with processing companies to offer cashless payment systems for families. But the companies can charge “processing fees” for each transaction.

The alert comes several weeks after the failure of Silicon Valley Bank, Signature Bank and First Republic Bank, which all experienced bank runs after fearful customers with uninsured deposits pulled their money en masse.

New rules from the federal government aim to protect consumers from loans they can't afford. Do they offer enough safeguards or will they make it too hard to get a loan? An expert weighs in.