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 ...
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 ...
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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 ...
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 ...
With the CFPB weakened, could risky lending make a comeback?
The Consumer Financial Protection Bureau, the banking watchdog created after the subprime mortgage meltdown and the 2008 global financial crisis, has been thrown into chaos as the Trump administration ...