CFPB proposes lowering credit card late fees - Roll Call The Biden administration says new regulations on credit card late fees could save consumers $9 billion a year. Roll Call · Feb 1, 2023
White House directs FTC, CFPB to probe housing rental market practices Landlords will face greater federal scrutiny from the Consumer Financial Protection Bureau, Federal Trade Commission and other agencies amid rapidly rising rents under a plan that President Joe Biden released Wednesday. Tribune News Service · Jan 25, 2023
White House directs FTC, CFPB to probe housing rental market practices - Roll Call The White House has directed the Consumer Financial Protection Bureau and the Federal Trade Commission to examine the housing rental market. Roll Call · Jan 25, 2023
What Is a Good Credit Score? Having a good credit score can save you hundreds, even thousands of dollars on credit cards, mortgages and other loans. Kiplinger · Jan 17, 2023
Michael Hiltzik: Wells Fargo got slammed with a $3.7-billion penalty. So why doesn't it sound sorry? The Consumer Financial Protection Bureau left very little unsaid when it announced, a few days before Christmas, $3.7 billion in assessments against Wells Fargo Bank for more than a decade of legal violations harming its millions of customers. Los Angeles Times · Dec 28, 2022
Wells Fargo to pay $3.7 billion in penalties, restitution over ‘widespread mismanagement’ CHARLOTTE, N.C. — Wells Fargo is facing $3.7 billion in fines and restitution after reaching a settlement with federal regulators Tuesday to resolve multiple issues related to auto lending, mortgages and consumer deposit accounts. Tribune News Service · Dec 20, 2022
Wells Fargo to pay $3.7 billion settling charges it wrongfully seized homes and cars The case marks the largest penalty ever imposed by the federal watchdog agency the Consumer Financial Protection Bureau. Customers who were harmed will receive $2 billion in restitution. WEKU · Dec 20, 2022
Wells Fargo to pay $3.7 billion for mistreating customers NEW YORK: Wells Fargo Co agreed to a $3.7 billion settlement with the Consumer Financial Protection Bureau to settle a variety of allegations of mistreating customers, including a $1.7 billion fine that’s the biggest in CFPB history. The Times of India · Dec 20, 2022
Senate confirms Gruenberg as FDIC chair, two others to join board In two votes Monday, the Senate confirmed three members of the FDIC board and one of them, Martin Gruenberg, to become chairman. Roll Call · Dec 19, 2022
How your credit card companies decide your spending limit Factors that credit card issuers consider include your income, credit utilization, and payment history. Fortune · Dec 16, 2022
The problems with using buy now, pay later to fund travel “Buy now, pay later” services like Affirm, Afterpay and Klarna can sometimes provide a cheaper, more accessible version of credit The Independent UK · Dec 14, 2022
The Federal Government Can't Seem to Decide How the CFPB Is Funded The Solicitor General's brief defending how the CFPB is funded contradicts what the agency and others have said in the past. Reason · Dec 6, 2022
Millennial Money: How credit can beat buy now, pay later With rising costs of goods and services, turning to “buy now, pay later” plans when you check out can be tempting The Independent UK · Dec 6, 2022
Checks and Balances November 2022 The Checks and Balances Letter delivers news and information from Ballotpedia’s Administrative State Project, including pivotal actions at the federal and state levels related to the separation of powers, due process, and the rule of law. Ballotpedia · Nov 23, 2022
Tribune News Service · Oct 28, 2022 Appellate ruling may force another Supreme Court look at CFPB WASHINGTON — An appeals court ruling that the Consumer Financial Protection Bureau’s funding structure is unconstitutional raises the stakes in a long battle over the agency, potentially setting the stage for a test the Supreme Court sidestepped only two years ago when it declined to find the entire agency unconstitutional.
Roll Call · Oct 28, 2022 Appellate ruling may force another Supreme Court look at CFPB - Roll Call An appeals court ruling that the consumer bureau's funding structure is unconstitutional raises the stakes in a long battle over the agency.
The Independent UK · Oct 26, 2022 With inflation sticking around, Biden targets 'junk fees' With time running out before the election, President Joe Biden highlighted his administration’s push to crack down on so-called junk fees that banks and other companies charge their customers
Roll Call · Oct 26, 2022 In administration campaign on 'junk fees,' CFPB targets banks - Roll Call The administration is launching an effort to stop what President Joe Biden calls 'junk fees' in banking, travel and telecommunications.
Reason · Oct 24, 2022 The CFPB's Funding Mechanism: Misguided But Constitutional analysis from Professor Zach Price
Tribune News Service · Oct 22, 2022 Noah Feldman: Conservative attack on consumer protection wins an illogical victory Conservatives have never liked the Consumer Financial Protection Bureau, the brainchild of Massachusetts Sen. Elizabeth Warren. Now a conservative panel of the conservative U.S. Court of Appeals for the Fifth Circuit has struck down the CFPB’s rulemaking authority using a novel theory.
Reason · Oct 21, 2022 Why the Consumer Financial Protection Bureau's Funding Structure Is Unconstitutional The Fifth Circuit Court of Appeals is right to notice that the CFPB is unique even among federal agencies that don't get their funding from Congress.
WEKU · Oct 20, 2022 Appeals court says financial watchdog agency CFPB's structure is unconstitutional Three federal appeals court judges appointed by President Trump have ruled that the funding structure of the Consumer Financial Protection Bureau is unconstitutional.
Los Angeles Times · Oct 10, 2022 Do you use Zelle? Here's how to spot increasingly common scams Credit cards and digital payment apps such as PayPal offer some distinct advantages over cash, including the ability to recover money paid to scammers.
The Guardian - US · Oct 9, 2022 Inconvenience fee: how Biden is taking on companies’ sneaky charges In a little publicized initiative, the Biden administration is seeking to tackle the ‘junk fees’ hitting Americans when they can’t afford it
The Independent UK · Oct 3, 2022 Kimberly Palmer: How to handle your medical bills Medical bills can quickly become overwhelming, but consumers often have more power than they might think when it comes to navigating them