Hosted on MSN17d
New CFPB tool aims to help consumers save money on credit cards and avoid rewards scams
Retail credit cards can be even costlier for consumers. Ninety percent of retail cards reported a maximum APR above 30%, ...
LAist on MSN14d
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 ...
American Banker23d
Banks sue CFPB for capping overdraft fees at $5
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 ...
JD Supra16d
CFPB Urges Other Regulators to Take Action on So-Called Bait-and-Switch Credit Card Rewards Tactics
On December 18, the Consumer Financial Protection Bureau (CFPB or Bureau) issued a circular to “other law enforcement agencies,” urging them to ...
JD Supra8d
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 ...
USA Today17d
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 ...