The Consumer Financial Protection Bureau (CFPB) has announced a final rule aimed at closing the 'overdraft loophole' created by the Truth in Lending Act (TILA). This rule is part of the CFPB's broader efforts to enhance consumer protection in financial transactions. Additionally, the CFPB's Section 1033 rule has faced criticism for being mischaracterized as a move towards open banking in the United States, with experts noting that the statute does not grant the CFPB the authority to mandate such a system. The new regulations also impose a uniform approach to digital wallets, which some commentators argue stifles innovation by treating platforms like Venmo and Apple Pay as traditional financial institutions. Critics warn that this one-size-fits-all approach may lead to consumer confusion and harm, as it fails to account for the unique risks associated with various fintech products, including neo-banks and cryptocurrency exchanges. Furthermore, the CFPB has finalized a rule concerning residential Property Assessed Clean Energy (PACE) loans.