CFPB Finalizes Credit Card Late Payment Rule; Chamber Vows to Sue
The Consumer Financial Protection Bureau has determined that the cost of collecting on unpaid credit card debts for larger companies ...
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Tag: Credit Cards
CFPB Report on Credit Cards Breaks Down Digital Collection Efforts, How Much is Being Assigned to Third-Party Collectors
Communications using email and text message to recover unpaid credit card debts, both before and after the debts are charged ...
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Credit Card Debt Soars. Will Consumers be Able to Keep Making Payments?
A trio of reports highlight the growing reliance that consumers are placing on credit cards to help them make ends ...
Read moreDetailsCFPB Proposes Rule to Cap Credit Card Late Fees
The Consumer Financial Protection Bureau yesterday issued a proposed rule seeking to lower credit card late fees at $8, bring ...
Read moreDetailsCFPB Launches Review of Credit Card Market
The Consumer Financial Protection Bureau yesterday published a request for information from consumers related to their experiences using credit cards ...
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CFPB Plans to ‘Ramp Up’ Enforcement Actions Over Credit Card Late Fees: Report
Days after publishing a report illustrating the amount of late fees credit card issuers are charging consumers, a published report ...
Read moreDetailsCFPB Launches Crackdown on ‘Junk’ Fees
The canary didn't make it. Less than a week after publishing a blog post noting that consumers spend $120 billion ...
Read moreDetailsCFPB to Take Closer Look at Credit Card Rates, Fees
The Consumer Financial Protection Bureau may have sent another canary down the coal mine, this time on the topic of ...
Read moreDetailsBanks Plan on Issuing Cards to People With No Credit Scores
A day after it was reported that more consumers are paying off their credit balances than at any point this ...
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