More Americans face 'persistent debt' as interest rates and fees rise: New study
American cardholders paid a record $130 billion in interest and fees in 2022, according to a new CFPB report.
Source: yahoo.com
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Top News In Cfpb Today - Breaking & Trending Today
Consumer Protection SCOTUS Case
"You're flying in the face of 250 years of history." Supreme Court Justice Elena Kagan sounded extremely sceptical of during the oral arguments in a case that could dismantle consumer protections on payday lending practices.
Source: huffpost.com
John Kennedy (R-LA) goes off on new CFPB rule | Eastern North Carolina Now
Banks required to ask personal info for CFPB to publish on public web site
Source: beaufortcountynow.com
The Skanner News - Federal Agencies Issue $23 Million Fine Against TransUnion and Subsidiary
FTC and CFPB say actions harmed renters and violated fair credit laws
Source: theskanner.com
US consumer watchdog proposes new financial data sharing rules in competition boost
(Reuters) -U.S. consumers would be able to more easily transfer their data between financial services providers under a long-awaited Consumer Financial Protection Bureau (CFPB) proposal unveiled on Thursday that would boost competition between financial technology firms. The so-called open banking draft rule, which officials say they hope to finalize in 2024, would supercharge competition by giving customers "the power to walk away from bad service" and more easily switch providers, CFPB Director Rohit Chopra said in a statement. Currently, consumers face varying conditions for acc...
Source: yahoo.com