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 ...
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 ...
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 ...
USA Today20d
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 ...
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 ...
Consumers don't need more hidden fees, tricky loans, or a repeat of the financial crisis
The Consumer Financial Protection Bureau has been a go-to financial agency for dealing with bad practices. Trump administration wants to end it.
With the consumer agency on pause, here’s how to protect yourself
The Consumer Financial Protection Bureau, the independent federal agency created after the 2008 financial crisis, has been ...
WXXI8d
The CFPB drops its case against payment app Zelle, in another sign of a Trump pivot
The Consumer Financial Protection Bureau has dropped its lawsuit against the operator of payment platform Zelle and three of ...