Remember when the CFPB announced last year it would cap credit card late fees at $8? A typical late fee hovers around $32, so ...

The Consumer Financial Protection Bureau warned consumers and law enforcement agencies that credit card companies with rewards programs and issuers of store credit cards may be breaking the law.

i.e., “larger card issuers”). The plaintiffs alleged the CFPB violated the APA by skipping necessary steps and making economic miscalculations (covered here). On May 10, 2024, the district ...

These larger card issuers account for more than 95% of outstanding credit card balances, according to the CFPB, an independent federal agency that oversees banks, credit card companies ...

The rule, which was proposed in early 2022, closes a loophole exploited by large credit card issuers and applies to issuers with more than one million open accounts, the CFPB said. This translates ...

The Consumer Financial Protection Bureau, the so-called cop on the ... and auto repossessions – canceled. Exams of giant credit card issuers to weed out unlawful junk fees – canceled.

(CNN) — The Consumer Financial Protection Bureau, the so-called cop on the ... Exams of giant credit card issuers to weed out unlawful junk fees – canceled. Probes of illegal debt collection ...