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Biden watchdogs probe popular credit card and airline rewards
The Hill· 9 hours agoThere are around 550 million credit cards in circulation in the U.S., and “credit card rewards take...
Director Chopra issues statement on FDIC/OCC/FHA proposal on incentive-based compensation...
JD Supra· 2 days agoCFPB Director Rohit Chopra has released a statement about the proposal issued by the Federal Deposit Insurance Corporation, Office of the Comptroller of ...
CFPB Says It Is Monitoring Credit Card Rewards Programs
PYMNTS.com· 5 hours ago“Credit card companies promise upfront benefits for signing up and using their rewards card, but...
JD Supra: CFPB Casts Larger Net over Credit Data Brokers, Furnishers, and Reporting Agencies.
JD Supra· 4 hours agoIn the first week of April, CFPB Director Rohit Chopra delivered remarks at the White House on increasing credit and financial data protection and regulation ...
Transportation & consumer agencies review fairness of airline & credit card reward programs
KIRO via Yahoo Finance· 53 minutes ago“We want to make sure that every family is getting what’s promised and that we really have a fair...
US regulators are looking at potential ‘bait and switch’ schemes with airline-affiliated credit card...
CNN Business via Yahoo Finance· 5 hours agoIf you use a points-and-rewards credit card offered by an airline in partnership with a big bank,...
Consumers might be paying more than credit card perks are worth, officials say
NBC News via Yahoo Finance· 2 hours agoCredit card holders could be paying more in fees and interest than their travel rewards and other...
First Minnesota Court Decisions on Overdraft Fees Are Wins for Banks | JD Supra
JD Supra· 18 hours agoIn December 2021, the Consumer Financial Protection Bureau (CFPB) released research critiquing banks for charging overdraft and related fees to consumers, and the CFPB director, Rohit ...
Student Loan Borrowers May Get $3 Million In Compensation For Servicing Failures
Forbes· 3 days agoA federal financial watchdog agency filed an enforcement action this week against a widely known...
CFPB flags up consumer frustrations with credit card rewards programmes
Electronic Payments via Yahoo Finance· 10 hours ago“Credit card companies promise upfront benefits for signing up and using their rewards card. But...
