JD Supra14h
Credit Card Late Fee Rule Litigation: CFPB Indicates “Resolution is Feasible”
In a significant development in the credit card late fee rule litigation, the Consumer Financial Protection Bureau (CFPB) has filed a status ...
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 ...
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 ...
JD Supra10d
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 ...
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.
WTOP News2d
What Credit Card Protections Could We Lose if the CFPB Closes?
Credit Card Late Fees 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 CFPB estimated the cap would save Americans ...
CNBC13d
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 ...