MyChesCo on MSN4d
CFPB Targets Credit Card Companies Over Reward Scams and Sky-High Interest Rates
With a move designed to shake the foundations of the credit card industry, the Consumer Financial Protection Bureau (CFPB) ...
New CFPB tool aims to help consumers save money on credit cards and avoid rewards scams
CFPB says it's on to credit card companies' bait-and-switch rewards tactics and launched a tool to help consumers save money ...
JD Supra3d
CFPB Spotlights Illegal Credit Card Rewards Practices and Rolls Out Novel Consumer Tool
The Consumer Financial Protection Bureau (CFPB) has cautioned companies against what it views as illegal or unlawful credit card rewards ...
Alabama Public Radio10d
In a lawsuit, CFPB says 3 top U.S. banks failed to protect consumers from Zelle fraud
The consumer financial watchdog says customers of the top three banks lost more than $870 million over seven years due to a ...
JD Supra7d
CFPB sends circular to law enforcement agencies highlighting credit card reward programs that fail to deliver
Some credit card companies operating rewards programs may be violating the law by failing to provide promised rewards, the CFPB said, in a circular ...
Austin American-Statesman12d
New CFPB tool aims to help consumers save money on credit cards and avoid rewards scams
Ninety percent of retail cards reported a maximum APR above 30%, compared to only 38% of non-retail general purpose cards, the CFPB said. Worse, many private label cards have a fixed APR ...