The Consumer Financial Protection Bureau (CFPB) has cautioned companies against what it views as illegal or unlawful credit card rewards ...

On December 18, the CFPB released an issue spotlight titled “The High Cost of Retail Credit Cards,” which described risks associated with ...

CFPB says it's on to credit card companies' bait-and-switch rewards tactics and launched a tool to help consumers save money and avoid scams.

With a move designed to shake the foundations of the credit card industry, the Consumer Financial Protection Bureau (CFPB) ...

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 ...

The Biden administration finalized a rule limiting overdraft fees banks can charge to reduce junk fees that hit consumers.

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 ...

In December 2024, private label cards for the top retailers had “an average APR of 32.66% for new accounts.” In complaints submitted to the CFPB, consumers have also reported experiencing ...