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Bank of America will pay a combined $150 million in fines to the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency as part of settlements related to its credit card rewards, overdraft policies and sales practices, the agencies said Tuesday.
Bank of America NA will pay a combined $150 million in fines to the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency as part of settlements resolving alleged violations related to its credit card rewards, overdraft policies and sales practices, the agencies said Tuesday.
Federal regulators took a first step Friday toward a potential crackdown on the medical finance market, launching an inquiry into higher-cost medical credit cards and installment loans that consumers are increasingly being offered to help pay for medical expenses.
Federal regulators took a first step Friday toward a potential crackdown on the medical finance market, launching an inquiry into higher-cost medical credit cards and installment loans that consumers are increasingly being offered to help pay for medical expenses.
Payday lender trade groups that say the Consumer Financial Protection Bureau is unconstitutionally funded fired back Monday at the agency's efforts to defend itself and its rulemaking at the U.S. Supreme Court, urging the justices to disregard "sky-may-fall rhetoric" and rule against the agency.