Retail credit cards can be even costlier for consumers. Ninety percent of retail cards reported a maximum APR above 30%, ...

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 limit on fees that banks and credit unions impose on clients whose account balances are insufficient to cover transactions would save U.S. consumers $5 billion every year, the federal agency said ...

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

Some credit card companies operating rewards programs may be violating the law by failing to provide promised rewards, the CFPB said, in a circular ...

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 ...