Tag Archives: Credit Cards

Days after publishing a report illustrating the amount of late fees credit card issuers are charging consumers, a published report revealed that the Consumer Financial Protection Bureau is planning to “ramp up” enforcement actions in situations where late fees are being illegally charged while also issuing new regulations that would …

The canary didn’t make it. Less than a week after publishing a blog post noting that consumers spend $120 billion annually on credit card interest and fees every year, the Consumer Financial Protection Bureau yesterday announced it had published a Request for Information on what it calls “exploitative junk” fees …

The Consumer Financial Protection Bureau may have sent another canary down the coal mine, this time on the topic of interest and fees charged by credit card issuers. In a blog post that was published last week, the CFPB noted that consumers pay about $120 billion in credit card interest …

A day after it was reported that more consumers are paying off their credit balances than at any point this century, a number of financial institutions are planning on sharing data to help consumers without credit scores gain access to credit cards and other types of loans, according to a …