Court decision threatens CFPB's work; Amex sees more holiday spending

All of CFPB's past actions threatened by appeals court decision : The Consumer Financial Protection Bureau 's rules and enforcement actions to date could be open to legal challenges by banks and other companies after a three-judge panel deemed the agency's payday lending rule unconstitutional because of the way the agency is funded, legal experts say.

We're excited to feature?Venus Williams ?speaking about how she achieved equal pay for women tennis players at Wimbledon -- and what's she's working on now -- at our?Most Powerful Women in Banking conference ?on Wednesday, October 26, on the USS Intrepid aircraft carrier in New York City.?Get your tickets now .

Sign up here ?to receive American Banker's complete Daily Briefing newsletter — delivered to your inbox every morning.

American Express shelves recession playbook, predicts strong holiday : CEO Steve Squeri said American Express is monitoring economic changes, but payment activity remains strong enough to stick to its current strategies.

CFPB signals imminent crackdown on 'junk data' in credit reports : Credit bureaus should know better than to include "impossible" data, such as someone defaulting on a loan before they were born, says Consumer Financial Protection Bureau Director Rohit Chopra.

Overdraft settlement and fee reductions take toll on Regions : A big settlement with the Consumer Financial Protection Bureau and recent changes to overdraft policies by the Alabama-based Regions Bank helped drive down its third-quarter profits by 34%.

Bank OZK gets a boost from falling loan repayments : Paydowns at Arkansas-based Bank OZK , which specializes in commercial real estate lending, fell by $1 billion from the prior quarter as refinancing activity slowed amid soaring interest rates. The result was stronger loan growth.