junk fees

Visa and Mastercard Accused of Card Monopoly by UK Watchdog
Visa and Mastercard Accused of Card Monopoly by UK Watchdog
March 06, 2025  |  ANTITRUST

Visa and Mastercard face regulatory action in the United Kingdom following a payments watchdog’s investigation. The Payment Systems Regulator (PSR) is considering “remedies” for the...

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UK Court Approves Settlement in Class Action Targeting Mastercard
UK Court Approves Settlement in Class Action Targeting Mastercard
February 21, 2025  |  Legal

A London court approved a settlement in a class action lawsuit brought against Mastercard over its swipe fees. By approving the deal, the Competition Appeal...

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What to Watch for as CFPB Stops Rulemaking in Its Tracks
What to Watch for as CFPB Stops Rulemaking in Its Tracks
February 07, 2025  |  CFPB

To say it’s been an eventful week for the Consumer Financial Protection Bureau might be an understatement. Last weekend, President Donald Trump fired CFPB Director...

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With Illinois Interchange Ban Under Injunction, Banks and Merchants Await Next Move
With Illinois Interchange Ban Under Injunction, Banks and Merchants Await Next Move
January 29, 2025  |  Credit Cards

A battle in Illinois over interchange fees could influence other states to decide whether these fees should be reshaped or banned. Banks charge each other...

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Report: FTC to Sue Property Management Firm Greystar, Alleging Hidden Fees
Report: FTC to Sue Property Management Firm Greystar, Alleging Hidden Fees
January 13, 2025  |  Regulation

The Federal Trade Commission (FTC) is reportedly preparing to sue real estate development and property management firm Greystar Real Estate Partners, alleging that the company...

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Financial Services Regulation in 2025: More of the Same or Radical Shift?
Financial Services Regulation in 2025: More of the Same or Radical Shift?
December 24, 2024  |  Regulation

This year was marked by a steady drumbeat of regulations and rules — and requests from regulators for information and comments from financial services players...

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CFPB Sues Walmart and Branch Over Accounts for Gig Economy Drivers
CFPB Sues Walmart and Branch Over Accounts for Gig Economy Drivers
December 23, 2024  |  Gig Economy

Both Walmart and FinTech company Branch said Monday (Dec. 23) that they will defend themselves “vigorously” against a Consumer Financial Protection Bureau (CFPB) lawsuit filed...

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CFPB On Alert for ‘New Sketchy Fee Tactics’ From Companies
CFPB On Alert for ‘New Sketchy Fee Tactics’ From Companies
December 19, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is monitoring the consumer financial marketplace to spot companies’ attempts to charge junk fees in new ways after the regulator...

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Trump 2.0 Expected to Pursue Regulatory Rollbacks at CFPB
Trump 2.0 Expected to Pursue Regulatory Rollbacks at CFPB
December 19, 2024  |  CFPB

A flurry of announcements and proposals from the Consumer Financial Protection Bureau in the weeks leading up to — and after — November’s election begs...

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