CFPB

Today in Data: AmEx’s $96M Discriminatory Payout

Today in Data: AmEx’s $96M Discriminatory Payout
Today in Data: AmEx’s $96M Discriminatory Payout
August 24, 2017  |  Today In Data

Fair practices among credit card companies are determined by the Federal Trade Commission. Most of the time, companies abide by the rules, but every now...

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AmEx Owes $96M To U.S. Territories Customers For Discriminatory Practices
AmEx Owes $96M To U.S. Territories Customers For Discriminatory Practices
August 24, 2017  |  Cybersecurity

The Consumer Financial Protection Bureau (CFPB) announced Wednesday (Aug. 23) that it has taken action against two American Express banking subsidiaries for discriminating against consumers...

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What Prepaid Card Rules Did On Their Summer Vacation
What Prepaid Card Rules Did On Their Summer Vacation
August 22, 2017  |  Prepaid

Prepaid cards have had a full year on the regulatory front, and the year isn’t over yet. Get the Full Story Complete the form to...

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CLEARR And CHOICE On The Hill, But Not On Payments Regs
CLEARR And CHOICE On The Hill, But Not On Payments Regs
August 22, 2017  |  Legal & Regulation

Capitol Hill offers the ultimate horse race. Following who’s up, down, in the running, out of the race and which bills might pass … Why...

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Wells Fargo Accused Of Closing Accounts Customers Needed
Wells Fargo Accused Of Closing Accounts Customers Needed
August 21, 2017  |  Bank Regulation

Wells Fargo, the embattled national bank, disclosed in a Securities and Exchange Commission (SEC) filing that the Consumer Financial Protection Bureau (CFPB), a government regulatory...

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Relief Is Coming To Cornithian Students, C/O A $183M CFPB Fine
Relief Is Coming To Cornithian Students, C/O A $183M CFPB Fine
August 18, 2017  |  CFPB

Debt relief is coming for about 41,000 Corinthian Colleges student borrowers who took out private loans to attend the for-profit university — to the tune...

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Overdraft Fees Cost US Consumers $15B In 2016
Overdraft Fees Cost US Consumers $15B In 2016
August 07, 2017  |  CFPB

Overdraft fees cost U.S. consumers $15 billion in 2016, according to news from the Consumer Financial Protection Bureau (CFPB), the government watchdog that is out...

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CFPB Orders JPMorgan Chase To Pay $4.6 Million Over Checking Accounts
CFPB Orders JPMorgan Chase To Pay $4.6 Million Over Checking Accounts
August 03, 2017  |  CFPB

The U.S. Consumer Financial Protection Bureau (CFPB) has ordered JPMorgan Chase to pay $4.6 million for allegedly failing to disclose accurate information in checking account...

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