CFPB Finalizes Credit Card Late Payment Rule; Chamber Vows to Sue
The Consumer Financial Protection Bureau has determined that the cost of collecting…
CFPB Report on Credit Cards Breaks Down Digital Collection Efforts, How Much is Being Assigned to Third-Party Collectors
Communications using email and text message to recover unpaid credit card debts,…
Credit Card Debt Soars. Will Consumers be Able to Keep Making Payments?
A trio of reports highlight the growing reliance that consumers are placing…
CFPB Proposes Rule to Cap Credit Card Late Fees
The Consumer Financial Protection Bureau yesterday issued a proposed rule seeking to…
CFPB Launches Review of Credit Card Market
The Consumer Financial Protection Bureau yesterday published a request for information from…
CFPB Plans to ‘Ramp Up’ Enforcement Actions Over Credit Card Late Fees: Report
Days after publishing a report illustrating the amount of late fees credit…
CFPB Launches Crackdown on ‘Junk’ Fees
The canary didn't make it. Less than a week after publishing a…
CFPB to Take Closer Look at Credit Card Rates, Fees
The Consumer Financial Protection Bureau may have sent another canary down the…
Banks Plan on Issuing Cards to People With No Credit Scores
A day after it was reported that more consumers are paying off…
