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 ...

In 2022, the CFPB said it spotted violations across some ... had improperly denied mortgage loan modifications, miscalculated fees, unfairly froze consumer accounts and unfairly charged overdraft ...

As part of the lawsuit, the bank groups filed a preliminary injunction arguing that the CFPB exceeded its authority by classifying overdraft fees as credit under the Truth in Lending Act. The groups ...

However, banks often charge monthly fees for the value these accounts offer. Fortunately for consumers, some checking accounts provide numerous features and benefits without charging a fee.

But some savings accounts charge fees just to maintain your account. This can cancel out any interest you earn and might even cause you to lose money. That’s not a problem with a no-fee savings ...

The Dodd-Frank Act gives the CFPB director a five-year term, which ends in October 2026, though he can be removed by the President at any time. Our sources say he’s sought to ingratiate himself ...

The CFPB has vigorously pursued a mission to return billions of dollars to consumers from junk fees and fraud. Since the bureau’s founding in 2011, it has provided over $21 billion in consumer ...

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. The Consumer Financial Protection Bureau withdrew a ...

The ETA fee, which went into effect for most travelers on Jan. 8, including from the United States, currently costs £10 ($12.28) to apply. However, the UK has now proposed raising the cost to £ ...

Credit cards are a great way to make smart transactions. With credit cards, you can have a luxurious lifestyle without burning a hole in your wallet. This is because credit cards provide you ...

It expresses the views and opinions of the author. The CFPB found Equifax ignored consumer documents and evidence submitted with disputes, allowed previously deleted inaccuracies to be reinserted ...

Among the changes in store once President-elect Donald Trump takes office could be the closure of the Federal Deposit Insurance Corporation or the Consumer Financial Protection Bureau. There is ...