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 ...
What Debt Protections Could Consumers Lose Without the CFPB?
The Consumer Financial Protection Bureau (CFPB) was launched in 2011 in response to the 2008 banking crisis, which destabilized millions of Americans. This new U.S. government agency' ...
American Banker1d
GOP lawmakers seek to repeal CFPB medical debt rule
S.D., has filed a Congressional Review Act resolution to repeal the Consumer Financial Protection Bureau's rule barring ...
What is a credit sweep?
A credit sweep is a fraudulent credit repair tactic that disputes all negative items on a credit report at once.
American Banker6d
CFPB leaders planned to gut the bureau, fire 1,175 employees
The Trump administration intended to gut the Consumer Financial Protection Bureau through a mass workforce reduction, which ...
ConsumerAffairs19h
Legislation to overturn medical debt rule draws blowback
Legislation to Overturn Medical Debt Rule: U.S. Senator Mike Rounds and Representative Ralph Norman introduced resolutions to ...
How FICO Scores Became A Profit Machine
FICO CEO William Lansing has burnished the credit score’s dominance and pushed through price hikes, making a bundle for ...
WTOP News2d
What Credit Card Protections Could We Lose if the CFPB Closes?
“People who get sick shouldn’t have their financial future upended,” former CFPB Director Rohit Chopra said in a news release. Critics of the rule include the three credit bureaus and hospital ...
KFF Health News on MSN1d
An Arm and a Leg: Medical-Debt Watchdog Gets Sidelined by the New Administration
The federal Consumer Financial Protection Bureau has taken major steps to help people with medical debt in its nearly 14-year history. It issued rules barring medical debt from Americans’ credit ...