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 ...
Alabama Public Radio6d
Trump fires chief of the federal consumer watchdog agency
Rohit Chopra had led the Consumer Financial Protection Bureau since 2021. Consumer groups praised his leadership, while ...
NerdWallet24d
What Is the Consumer Financial Protection Bureau?
The CFPB oversees banks, lenders and other financial institutions on consumers’ behalf. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...
CBS News24d
Capital One allegedly cheated customers out of $2 billion in interest, CFPB claims
But instead, the CFPB alleges, Capital One froze its rate at a low level for at least several years, even as rates rose nationally. At the same time, the CFPB adds, the bank created "360 ...
Investopedia13d
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 ...
NBC News24d
CFPB sues Capital One alleging it cheated customers out of over $2 billion in interest
The Consumer Financial Protection Bureau announced Tuesday that it was suing Capital One for misleading consumers about their savings account interest rates and “cheating” them out of more ...
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 ...
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 ...
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." ...