Page 21 - Cfpb News Today

Three federal agencies are seeking public input on specialty medical payment schemes. Three federal agencies are seeking comments on the public’s experience with medical payment products, billing and collection practices in a bid to address possible consumer harms caused by these types of specialty credit products.The Consumer Financial Protection Bureau (CFPB) has teamed up with the Treasury and the Department of Health and Human Services (HHS) to see whether healthcare providers are pro...

An Ohio woman has filed a class action lawsuit against Bank of America saying the bank opened a credit card account behind her back.

The Supreme Court has scheduled oral arguments for October in cases involving South Carolina’s congressional map and the funding of the Consumer Financial Protection Bureau (CFPB). The court on Friday announced its October argument calendar, the first month of the court’s next annual term. Decisions in the cases are expected by summer 2024. On Oct. 3,…

Bank of America was ordered to pay more than $100 million to customers for 'double-dipping' junk fees and denying rewards bonuses. Hundreds of thousands of Bank of America customers who were charged insufficient fund fees multiple times for a single transaction are set to receive refunds, the federal government said on July 11.The Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC) have fined Bank of America $250 million for illegally cha...

The CFPB fined ACI millions of dollars for harming mortgage customers during a failed payments test. For many Americans, a home mortgage is the biggest, most important debt they'll ever carry. So it's crucial for everything from your credit score to your basic liquidity that monthly mortgage payments be handled correctly. The Consumer Financial Protection Bureau's (CFPB) latest enforcement action highlights a nightmare scenario, where a major payment processor illegally made unsch...

What took place this week in the credit card and payment industries

Tuesday's top personal finance stories.

The bank has been ordered to refund customers $80 million in repeated fees, as it faces a $250 million fine based on allegations from regulators.

Bank of America must pay more than $100 million to customers for doubling up on some fees, withholding reward bonuses, and opening accounts without customer consent, reports the...

Bank of America must pay more than $100 million to customers for doubling up fees, withholding rewards and opening accounts without customer consent.