CFPB

US Chamber Sues CFPB to Block Credit Card Late Fee Limits

US Chamber Sues CFPB to Block Credit Card Late Fee Limits
US Chamber Sues CFPB to Block Credit Card Late Fee Limits
March 07, 2024  |  Legal

The U.S. Chamber of Commerce filed a lawsuit against the Consumer Financial Protection Bureau, aiming to stop the agency from implementing its new rule to limit credit card...

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CFPB Draws Fire at Hill Hearing on ‘Politicized’ Financial Regulation
CFPB Draws Fire at Hill Hearing on ‘Politicized’ Financial Regulation
March 07, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) came under fire on Capitol Hill Thursday (March 7) from critics who charged that caps on credit card late...

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Will Credit Access Get Caught in CFPB Late Fee Cap Crossfire?
Will Credit Access Get Caught in CFPB Late Fee Cap Crossfire?
March 07, 2024  |  Credit Cards

The Consumer Financial Protection Bureau finalized a rule this week slashing what it labeled “excessive credit card late fees,” reducing the penalty card issuers can charge from the typical...

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Goldman: CFPB Late Fee Rules Will Hurt Citigroup the Most
Goldman: CFPB Late Fee Rules Will Hurt Citigroup the Most
March 06, 2024  |  CFPB

What will the loss of credit card late fees mean for America’s biggest banks? Get the Full Story Complete the form to unlock this article...

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CFPB Rule Lowers Credit Card Late Fees to $8
CFPB Rule Lowers Credit Card Late Fees to $8
March 05, 2024  |  CFPB

America’s consumer protection watchdog finalized a rule lowering credit card late fees. Get the Full Story Complete the form to unlock this article and enjoy...

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CFPB Rule on Late Fees May Hamper Banks’ Ability to Innovate
CFPB Rule on Late Fees May Hamper Banks’ Ability to Innovate
March 05, 2024  |  Banking

Call it a form of fixed pricing in the banking industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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CFPB Says Financial Product Comparison-Shopping Tools Must Present Unbiased Results
CFPB Says Financial Product Comparison-Shopping Tools Must Present Unbiased Results
February 29, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is working to crack down on companies that operate comparison-shopping tools for financial products and manipulate the results. Get the Full...

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CFPB to Propose Rules Limiting Activities of Data Brokers
CFPB to Propose Rules Limiting Activities of Data Brokers
February 28, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) will propose rules this year to limit the activities of data brokers, including those that sell personal data to customers overseas....

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CFPB Establishes Supervisory Authority Over World Acceptance
CFPB Establishes Supervisory Authority Over World Acceptance
February 26, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has taken action to establish supervisory authority over installment lender World Acceptance Corp., saying it aims to ensure compliance with federal consumer...

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