The law of unintended consequences is alive and well in Washington, D.C. and in particular, inside the agency formed to advocate for the consumer in matters related to financial services. So says MPD CEO Karen Webster, who compares the actions of the CFPB over the...
Mandatory arbitration can make it difficult for consumers to sue their credit card companies when those companies are at fault. The Consumer Financial Protection Bureau wants to change that. According to The Washington Post, the CFPB is expected to issue a comprehensive report next week...
Though Congress passed a law capping debit card issuers’ per-transaction interchange income at essentially 24 cents—about half the average issuer take previously—many merchants remain convinced issuers still earn sizable profits from their debit card transactions. A new 35-page report released by the Federal Reserve Board...
August 22, 2016
The Consumer Financial Protection Bureau (CFPB) announced on Friday (Aug. 19) the addition of new consumer experts from outside the federal government to the Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council and Academic Research Council — the four bodies that provide advice to CFPB leadership on a range of consumer financial topics and […]
March 04, 2015
Mandatory arbitration can make it difficult for consumers to sue their credit card companies when those companies are at fault. The Consumer Financial Protection Bureau wants to change that. According...
