Federal Consumer Program News Today

The revised policy increased maximum penalties for the largest banks, outlined stronger accountability measures and expanded the OCC's authority to restrict business activities.

Visa and Mastercard’s market power hurt American businesses, NACS general counsel says.

Consumer Financial Protection Bureau Director Rohit Chopra should exercise his power to extend the full protections of Regulation E and the Fair Credit Billing Act to the booming installment loan sector, the advocacy group U.S. PIRG says.

Your credit report may be wrong; heres what to do about it BEV OSHEA of NerdWallet March 3, 2021 FacebookTwitterEmail FILE - In this March 5, 2012 file photo, consumer credit cards are posed in North Andover, Mass. Consumers gave the Consumer Financial Protection Bureau an earful in 2020 — there were a record number of complaints, and credit reporting bureaus were cited in more than half. You have a right to get free copies of your credit reports and to have any errors investigated and addres...

NerdWallet FILE - In this March 5, 2012 file photo, consumer credit cards are posed in North Andover, Mass. Consumers gave the Consumer Financial Protection Bureau an earful in 2020 — there were a record number of complaints, and credit reporting bureaus were cited in more than half. You have a right to get free copies of your credit reports and to have any errors investigated and addressed. (AP Photo/Elise Amendola, File) By Bev O’shea NerdWallet Consumers filed complaints with the C...

Consumers filed complaints with the Consumer Financial Protection Bureau in record numbers in 2020, according to a report released Monday by the U.S. Public Interest Research Group, a nonprofit consumer

Bev OShea Of Nerdwallet FILE - In this March 5, 2012 file photo, consumer credit cards are posed in North Andover, Mass. Consumers gave the Consumer Financial Protection Bureau an earful in 2020 — there were a record number of complaints, and credit reporting bureaus were cited in more than half. You have a right to get free copies of your credit reports and to have any errors investigated and addressed. (AP Photo/Elise Amendola, File) March 03, 2021 - 3:47 AM C...