CFPB
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Judge Scraps CFPB Rule to Limit Excessive Credit Card Late Fees
Today, the CFPB proposed a rule to curb excessive credit card late fees which cost American families about $12 billion each year. Typical late fees would be reduced from roughly $30 to $8 under this proposal.
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CFPB Drops Lawsuit Against Chase, Bank of America and Wells Fargo Over Zelle Fraud
The CFPB said in a statement that it “dismisses this action against Defendants Early Warning Services, LLC, Bank of America, N.A., JPMorgan Chase Bank, N.A., and Wells Fargo Bank, N.A., with prejudice.”
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CFPB Sues Capital One Over Deceptive Practices That Cost Savings Customers $2 Billion in Interest
The Consumer Financial Protection Bureau (CFPB) has sued Capital One for cheating millions of consumers out of more than $2 billion in interest.
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Barclays Approving 2 Cards per Application, CFPB Stops Forwarding Complaints, AA Flight Diverted, 1 Million Stolen Credit Cards
Barclays opening 2 cards per application, CFPB stops forwarding complaints to financial institutions, American adds new longest domestic route, 1 million stolen credit cards given away for free, AA flight diverted due to bomb threat.
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STARLUX Ontario-Taipei Flights, New JW Marriott in the Maldives, Starwood Brand Makes Comeback, CFPB Shutdown & More
This is a roundup of travel and financial news and other interesting pieces that I’ve come across over the last few days, and thought they are worth sharing.
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CFPB Finalizes Rule to Remove Medical Debt From Credit Scores
The Consumer Financial Protection Bureau (CFPB) announced on Tuesday it has finalized its rule barring medical debt from being included on credit reports.
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Big Amex Cards Bonuses, Free Walmart+ Credits, Hilton Devaluation, CFPB lawsuits & More
Big Amex credit card bonuses, free credits for Walmart+ members, Hilton devaluation, CFPB lawsuits, two test drive bonuses, gift card deals and more.
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CFPB Takes Aim at Credit Card Rewards Devaluations and High Interest Rates
The CFPB says that some credit card companies operating rewards programs may be breaking the law, including by illegally devaluing rewards points and airline miles.
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Supreme Court Ruling for CFPB, Mirage Closing, Busiest Travel Season, New Alaska Route
This is a roundup of travel and financial news and other interesting pieces that I’ve come across over the last few days, and thought they are worth sharing.
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CFPB Proposes Rule to Limit Overdraft Fees to As Low As $3
The Consumer Financial Protection Bureau (CFPB) has proposed a rule to limit excessive overdraft fees charged by the nation’s biggest financial institutions.
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CFPB Targets Bank Overdraft Fees with Regulations Possibly Coming in December
The Consumer Financial Protection Bureau (CFPB) is preparing to make it much harder for banks to charge clients overdraft fees.
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Bank of America Opened Credit Cards Without Permission and Charged Illegal Fees
Bank of America has been ordered to pay out $150 million in penalties and $80 million to affected customers. The bank opened credit cards without permission and charged illegal fees.
