Put A Lid On It: The Sanders-Hawley Bill Wants To Cap Credit Card Rates. Here’s What You Need To Know
A political odd couple is joining forces to lower credit card interest rates. Sen. Bernie Sanders (I-Vt.) and Sen. Josh ...
Alabama Public Radio4d
Treasury Secretary Bessent, tapped to run CFPB, orders staff to halt work
Staff at the Consumer Financial Protection Bureau were instructed by email to cease much of their work. Bessent, a wealthy ...
CNBC10d
Credit card late fees cost Americans billions a year — now they're capped at $8
The CFPB also made it clear that this rule doesn ... The card also has no annual fee and no penalty APR, so your interest rate won't spike if you're late with a payment. Further, it also offers ...
JD Supra4d
CFPB Releases Report Highlighting Auto Lending Challenges for Servicemembers
On January 29, the Consumer Financial Protection Bureau (CFPB or Bureau) released a report analyzing the auto lending ...
JD Supra1mon
Leaning In: The CFPB Publishes Rule on Fees for Overdraft Services
including the APR, balance computation method, and amount of late payment fees. In the Final Rule, the CFPB clarifies that credit account opening disclosures will have to be provided when tying ...
Investopedia12d
How to Submit a Complaint to the CFPB
In July 2011, the Consumer Financial Protection Bureau (CFPB), officially entered service as a federal agency to investigate complaints about credit cards. Since then, it has expanded to ...
USA Today28d
Billions of dollars for millions of Americans: why 'delete the CFPB' might not fly
As a Republican member of Congress, Mulvaney had previously called the CFPB “a joke… in a sick, sad kind of way.” So it was a bit like déjà vu when Elon Musk, Trump’s new presidential ...
Reason11d
Abolish the CFPB
That's the Consumer Financial Protection Bureau (CFPB), an institution so misguided in both mission and execution that it does not deserve mere reform—it should be abolished outright.
Newsweek1mon
Experian Accused of Tanking People's Credit Scores in New Lawsuit
You can get in touch with Robert by emailing [email protected]. Languages: English. The CFPB claims that Experian's inadequate handling of disputes has led to incorrect information being ...
American Banker1mon
CFPB sued for exceeding its authority on medical debt rule
On Tuesday, the Consumer Data Industry Association and Cornerstone Credit Union League filed a lawsuit against the CFPB, on the same day that the bureau issued a final rule banning medical bills from ...
NPR6d
Trump fires chief of the federal consumer watchdog agency
In a resignation letter posted on X, Chopra said watchdog agencies such as the CFPB work to enforce laws to "check the enormous influence that powerful firms have over our daily lives." ...
TechCrunch7d
CFPB fines fintech Wise, alleging it charged deceptive fees
The Consumer Financial Protection Bureau (CFPB) has hit U.K.-based remittance company Wise with about a $2 million fine for what it described as “a series of illegal actions.” Those actions ...