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

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

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

Despite Fed Cuts, Many Store Credit Cards Are Still Charging Customers Extreme Interest Rates ...

The CFPB announced actions in order to protect consumers from "illegal" credit card practices and help people save money on ...

The federal agency warned companies issuing credit cards about illegal tactics, specifically calling out promotions that turn into “bait-and-switch” offers.

To temporarily bypass those interest charges on new charges or balance transfers, choose a 0% introductory APR credit card. The zero can be a hero when it comes to saving significant sums on ...

CFPB Director Rohit Chopra expressed concerns about these tactics ... charging all users the same steep rates regardless of creditworthiness. In December, the average APR for private-label cards ...

This move follows a May 2024 CFPB report highlighting consumers’ frustrations with the terms of some credit card rewards programs, including complex and confusing rules, misleading promotions ...

Many credit cards offered by major retailers continue to charge exorbitant annual percentage rates (APRs) despite moves by ...

CFPB announces measures to protect consumers from deceptive credit card practices, including new research and a comparison ...