What Credit Card Protections Could We Lose if the CFPB Closes?
Remember when the CFPB announced last year it would cap credit card late fees at $8? A typical late fee hovers around $32, so ...
InvestmentNews2d
Medical debt may affect credit of 100 million Americans if CFPB rule is scrapped
The Consumer Financial Protection Bureau rule means that millions of Americans with unpaid medical bills will not face ...
American Banker1dOpinion
The new administration should reset federal consumer protection rules
The first task for a new director of the Consumer Financial Protection Bureau should be sweeping away the clutter of ...
GOP Aims to Repeal CFPB Medical Debt Credit Report Ban (Correct)
Republican lawmakers are moving to eliminate a Biden-era Consumer Financial Protection Bureau rule barring medical debt from ...
WKYC34d
CFPB rule to remove medical bills from credit reports goes into effect March 17, but enforcement uncertain: Legally Speaking
But enforcement of this regulation is up in the air, because of the Trump administration's effective shutdown of the CFPB. If enforced, this new rule is expected to remove around $49 billion in ...
ConsumerAffairs2d
Legislation to overturn medical debt rule draws blowback
Legislation to Overturn Medical Debt Rule: U.S. Senator Mike Rounds and Representative Ralph Norman introduced resolutions to ...
Banking Dive9d
Consumer groups to defend Biden-era CFPB overdraft rule
The overdraft rule issued by the CFPB under previous Director Rohit Chopra, capping fees at $5, may be abandoned in the wake ...
Senate Votes to Strip CFPB of Ability to Regulate Platforms Like X
A key federal watchdog is being stripped of its power to oversee potential fraud and abuse in online payment platforms just ...
If the Trump administration guts the CFPB, it could have ‘devastating effects,' says consumer advocate—what it means for your money
Workers at the Consumer Financial Protection Bureau have been on administrative leave since February as part of a reported ...
Consumer Groups to Defend Bank Overdraft Cap as CFPB Retreats
A pair of consumer groups won their bid to defend the Consumer Financial Protection Bureau’s $5 cap on bank and credit union ...
Yahoo Finance10d
Consumer groups to defend Biden-era CFPB overdraft rule
allegedly based on the fear that the CFPB, under new leadership, might “seek to jettison the Overdraft Rule, either via regulation or by a less-than-genuine defense of this action,” U.S ...