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CFPB Targets Credit Card Rewards Programs
The National Law Review· 2 days agoOn May 9, the CFPB issued a new report highlighting the issues consumers encounter with credit card rewards programs.
Ahead of trial date in HMDA case, Freedom Mortgage and CFPB face hurdles - HousingWire
HousingWire· 2 days agoThe Consumer Financial Protection Bureau (CFPB) and Freedom Mortgage were handed minor setbacks by...
Federal judge halts new U.S. rules limiting credit card late fees
The Day· 6 hours agoUnder the contested policy, the Consumer Financial Protection Bureau, or CFPB, sought to restrict most penalties for late or missed credit card payments to $8 per month, unless ...
CFPB Flexes Nonbank Supervisory Authority—State AG Targets Should Take Note | JD Supra
JD Supra· 6 days agoBureau recently invoked supervisory authority over a nonbank lender, World Acceptance Corp., one of the largest small-dollar installment lenders in the country. Given the close and ever-increasing ...
CFPB Fixes Spotlight on Credit Card Rewards Programs | JD Supra
JD Supra· 2 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.
The CFPB and NCSLT TRUSTS Saga: Movement on the Third Circuit Case and a Second CFPB Enforcement...
JD Supra· 3 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 ...
CFPB takes action against Chime Financial for illegally delaying consumer refunds
Retail Banker International via Yahoo Finance· 5 days agoThe Consumer Financial Protection Bureau (CFPB) has taken enforcement against Chime Financial. The ...
CFPB’s $8 Credit Card Late Fee Cap Paused by Texas Federal Judge
Bloomberg Law· 2 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 Announces Action Against Fintech Firm Chime For "Illegally" Delaying Consumer Refunds |...
Crowdfund Insider· 4 days agoThe Consumer Financial Protection Bureau (CFPB) took action against Chime Financial for allegedly...
The rule capping credit card late fees at $8 is on hold — here’s what it means for you
CNBC· 1 day agoIn his order, Judge Mark Pittman of the Northern District of Texas sided with plaintiffs including...