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The CFPB and NCSLT TRUSTS Saga: Movement on the Third Circuit Case and a Second CFPB Enforcement...
JD Supra· 6 days agoStudent Loan Trusts (the “NCSLT Trusts”) are “covered persons” for purposes of the Consumer Financial Protection Act (“CFPA”). On May 6th, the CFPB and the NCSLT Trusts both ...
Despite ruling against the CFPB, banks must prepare alternatives to card late fees - CUInsight
CUInsight.com· 2 days agoThe eleventh-hour decision on May 10 by the U.S. District Court for the Northern District of Texas...
Court stops CFPB’s credit card late fees rule - CUInsight
CUInsight.com· 2 days agoA Texas district court Friday issued a preliminary injunction to stop the CFPB’s credit card late...
CFPB flags up consumer frustrations with credit card rewards programmes
Electronic Payments via Yahoo Finance· 6 days agoThe Consumer Financial Protection Bureau (CFPB) has reported on consumer complaints relating to...
CFPB Fixes Spotlight on Credit Card Rewards Programs | JD Supra
JD Supra· 5 days agoThis week, the Consumer Financial Protection Bureau (CFPB or Bureau) published an Issue Spotlight focusing on consumer complaints relating to credit card rewards programs.
CFPB rule to save Americans $10 billion a year in late fees faces possible last-minute freeze
NBC Universal via AOL· 6 days agoA Consumer Financial Protection Bureau regulation that promised to save Americans billions of...
CFPB’s $8 Credit Card Late Fee Cap Paused by Texas Federal Judge
Bloomberg Law· 5 days agoJudge Mark T. Pittman of the US District Court for the Northern District of Texas on Friday issued a preliminary injunction pausing the credit card late fee rule because the US Court of Appeals ...
CFPB Targets Credit Card Rewards Programs
The National Law Review· 5 days agoOn May 9, the CFPB issued a new report highlighting the issues consumers encounter with credit card rewards programs.
White House's Attempt to Lower Credit Card Late Fees to $8 Was Just Blocked
CNET· 1 day agoIt looks like credit card companies are the ones getting a reprieve instead of their customers when...
CFPB Report and Hearing with DOT Highlight Risks with Rewards Programs | JD Supra
JD Supra· 2 days agoOn May 9, 2024, the CFPB released a report on rewards programs that traces the rise of such programs and warns that it views certain practices as unfair, deceptive, or abusive ...