The Consumer Financial Protection Bureau (CFPB) has cautioned companies against what it views as illegal or unlawful credit card rewards ...
The consumer financial watchdog says customers of the top three banks lost more than $870 million over seven years due to a ...
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 ...
With a move designed to shake the foundations of the credit card industry, the Consumer Financial Protection Bureau (CFPB) ...
The CFPB announced actions in order to protect consumers from "illegal" credit card practices and help people save money on ...
The Biden administration finalized a rule limiting overdraft fees banks can charge to reduce junk fees that hit consumers.
The sweeping rule immediately drew a legal challenge from bank trade groups. The CFPB said in a final rule issued Thursday, that it will reclassify overdraft fees as loans subject to interest rate ...
Fed Rate Cuts Won’t End the Sting of High Interest Rates for Subprime Cardholders ...
The finalized rule is set to take effect in October 2025, but the incoming Trump administration has yet to tap anyone to lead the CFPB, and has mentioned the idea of eliminating the agency.