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Chime Users Who Closed Accounts Could Get Up to $150
CNET· 15 hours agoThe bureau issued an order that San Francisco-based Chime pay $3.25 million to the CFPB victim’s relief fund as a penalty and at least $1.3 million to...
Federal Regulators Are Investigating Airline Rewards - NerdWallet
Nerdwallet· 1 day agoAre credit card rewards and airline frequent flyer programs too complicated? The Consumer Financial...
The feds may crack down on credit-card rewards programs. Here’s what that means for your points and...
MarketWatch via Yahoo Finance· 2 days agoThe Department of Transportation and the Consumer Financial Protection Bureau are exploring possible...
CFPB Says It Is Monitoring Credit Card Rewards Programs
PYMNTS.com· 2 days ago“Credit card companies promise upfront benefits for signing up and using their rewards card, but...
US regulators are looking at potential ‘bait and switch’ schemes with airline-affiliated credit card...
CNN Business via Yahoo Finance· 2 days agoIf you use a points-and-rewards credit card offered by an airline in partnership with a big bank,...
Biden administration orders online banker Chime to pay $4.55 million over delayed refunds to...
NBC News via Yahoo Finance· 4 days agoThe Biden administration has told the online banking group Chime it must pay $4.55 million for...
Court could block ban on bank ‘junk fees’ from taking effect
Consumer Affairs· 1 day agoA judge in the U.S. District Court for the Northern District of Texas is set to issue a ruling that...
Biden administration fines online banker Chime $4.55 million over delayed refunds to customers
NBC NEWS· 4 days ago“Chime’s customers had to wait weeks or months for access to their own money and were forced to use...
Nonbank Mortgage Companies Pose Financial Stability Risks, FSOC Says
Bloomberg via Yahoo Finance· 1 day ago(Bloomberg) -- Nonbank mortgage companies, which increasingly dominate the sector, pose unique risks...
First Minnesota Court Decisions on Overdraft Fees Are Wins for Banks | JD Supra
JD Supra· 3 days 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 ...