What Credit Card Protections Could We Lose if the CFPB Closes?
Remember when the CFPB announced last year it would cap credit card late fees at $8? A typical late fee hovers around $32, so ...
CNBC12d
Credit card late fees cost Americans billions a year — now they're capped at $8
New government regulations are slashing the late fees charged by many credit card companies. On March 5, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule limiting the penalty ...
Should You Be Worried About the CFPB Halt? Here's What It Means for Banking
Zelle. The CFPB sued Early Warning Services, Bank of America, JPMorgan Chase and Wells Fargo in December over fraud on the ...
JD Supra9d
Banking and business groups ask district court to vacate CFPB’s Credit Card Late Fees Rule
On February 20, several business groups and trade associations filed a motion for summary judgment in the U.S. District Court for the ...
CNBC12d
Don't make the costly mistake of paying late: Credit card late fees may rise to $40 in 2020
Credit card late fees are likely to hit $40 in early 2020. Effective Jan. 1, 2020, the Consumer Financial Protection Bureau (CFPB) will raise the permissible maximum for credit card late payment ...
USA Today19d
No more consumer protection? What the CFPB shutdown means for you.
Most CFPB initiatives have obvious consumer appeal: Credit card customers would probably welcome lower late payment fees. But the financial industry has sued to block many of the rules ...
Overdraft fee capping, proposed by consumer agency, to be debated in Congressional committee
The rule, originally scheduled to go into effect in October, would have limited the ways large banks can charge for ...