A Texas district court Friday issued a preliminary injunction to stop the CFPB’s credit card late fees rule from taking effect this week. The CFPB finalized the rule in March, capping credit card late fees at $8 and eliminating the automatic annual inflation adjustment for the threshold. The rule applies to issuers with more than …
If you’re an avid watcher of the Consumer Financial Protection Bureau (CFPB or bureau) like I am, then you’ve no doubt been paying close attention to the bureau’s war on fees. As we’ve blogged about previously, the CFPB has been targeting nearly every type of fee – from overdraft and non-sufficient funds fees, to paper …
Credit card survey data shows that credit unions and smaller banks offer lower interest rates than the 25 largest credit card companies, according to a CFPB report released Friday. “The CFPB’s new report on the credit card market clearly shows the credit union difference: Credit unions offer more affordable credit solutions to Americans than the …
CFPB data shows credit unions offer lower credit card rates Read More »
“The CFPB’s new report on the credit card market clearly shows the credit union difference: Credit unions offer more affordable credit solutions to Americans than the largest issuers. With better rates and lower annual fees on average, consumers can more easily achieve their best financial lives when they partner with a credit union. This report …
STATEMENT on CFPB report on credit card interest rates Read More »
