CFPB

CFPB Unveils Overdraft Fee Regulations for Large Banks and Credit Unions

CFPB Unveils Overdraft Fee Regulations for Large Banks and Credit Unions
CFPB Unveils Overdraft Fee Regulations for Large Banks and Credit Unions
December 12, 2024  |  CFPB

Nearly a week after a federal judge blocked a cap on “junk fees,” the Consumer Financial Protection Bureau is overhauling overdraft fee regulations for large...

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Court Ruling Will Reignite Debate Over Credit Card Late Fees
Court Ruling Will Reignite Debate Over Credit Card Late Fees
December 10, 2024  |  Credit Cards

Late last week, a federal judge upheld an order blocking a cap on credit card late fees, as PYMNTS reported. But the debate over the...

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Consumer Bankers Association Aims to Reverse CFPB’s ‘Radical Pendulum Shift’
Consumer Bankers Association Aims to Reverse CFPB’s ‘Radical Pendulum Shift’
December 09, 2024  |  CFPB

The Consumer Bankers Association (CBA) said Monday (Dec. 9) that the incoming Trump administration and new Congress present opportunities to reverse the Consumer Financial Protection...

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CFPB Bans Performant From Servicing or Collecting Student Loan Debt
CFPB Bans Performant From Servicing or Collecting Student Loan Debt
December 09, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) banned Performant Recovery from servicing or collecting any student loan debts and ordered the company to pay a $700,000...

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CFPB Loses Bid to Reinstate Cap on Credit Card Late Fees
CFPB Loses Bid to Reinstate Cap on Credit Card Late Fees
December 08, 2024  |  CFPB

A federal judge has upheld an order blocking a cap on credit card late fees. Get the Full Story Complete the form to unlock this...

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Google Sues CFPB, Calling Supervisory Designation Order ‘Government Overreach’
Google Sues CFPB, Calling Supervisory Designation Order ‘Government Overreach’
December 06, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) ordered federal supervision of Google on Friday (Dec. 6) after a contested designation. Get the Full Story Complete the form...

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CFPB Sues Comerica Bank Over Handling of Federal Benefits Program
CFPB Sues Comerica Bank Over Handling of Federal Benefits Program
December 06, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) sued Comerica Bank Friday (Dec. 6), alleging that the bank committed violations that include hanging up on customer service calls and...

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CFPB Files Proposed Settlement With Student Lender Climb Credit
CFPB Files Proposed Settlement With Student Lender Climb Credit
December 05, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has filed a proposed order for settling its lawsuit against student lender Climb Credit and its investors, including 1/0....

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