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Rule to cap credit card late fees at $8 tossed by federal judge
According to the CFPB, the average credit card late fee is $32, and Americans pay $14 billion to banks every year to cover such fees. Biden’s CFPB director, Rohit Chopra, said the banks “harvest billions of dollars in junk fees from American consumers” each year. Trump fired Chopra in February.
The top U.S. watchdog agency for consumer finance will cut its inspections of financial services companies in half while focusing on threats to military personnel and turning away from areas like ...
The Consumer Financial Protection Bureau and Townstone Financial, a Chicago mortgage lender that it sued in 2020, jointly asked a federal court to vacate a settlement, saying the case should never ...
5don MSN
A federal appeals court will allow the Trump administration to further shrink the Consumer Financial Protection Bureau but ...
The acting CFPB director is seeking to review “sub-regulatory” guidance issued by the bureau, saying that rescissions are likely needed.
The rule, issued during the Biden administration, limited overdraft fees to $8, after determining that amount was the actual ...
The watchdog calls for a governmentwide strategy to counter tech-fueled schemes after auditing the FBI, CFPB, FTC and other ...
The upheaval at the Consumer Financial Protection Bureau has many advocates concerned about financial abuse and fraud.
To support employees effectively, companies should first assess their workforce’s financial pain points, such as budgeting, ...
The U.S. Consumer Financial Protection Bureau on Friday dismissed its lawsuit against Comerica Bank, after the agency ...
The order reversed some parts of an injunction a federal judge said was needed to prevent the Consumer Financial Protection ...
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