Hosted on MSN8h
CFPB Targets Credit Card Companies Over Reward Scams and Sky-High Interest Rates
With a move designed to shake the foundations of the credit card industry, the Consumer Financial Protection Bureau (CFPB) ...
Sierra Sun Times1d
Consumer Financial Protection Bureau (CFPB) Files Lawsuit to Stop Illegal Kickback Scheme to Steer Borrowers to Rocket Mortgage
The CFPB’s lawsuit against Rocket Homes, The Mitchell Group, and Jason Mitchell seeks a stop to alleged unlawful conduct, ...
JD Supra1d
CFPB Calls on Other Enforcement Agencies to Address Bait-and-Switch Credit Card Rewards Practices
On December 18, 2024, the Consumer Financial Protection Bureau (the “CFPB”) issued a circular to other law enforcement agencies warning that ...
Beware Bait-and-Switch Credit Card Rewards Programs Warns CFPB
Some credit card companies with rewards programs may be breaking the law by using bait-and-switch tactics, the Consumer ...
Sierra Sun Times10d
Consumer Financial Protection Bureau (CFPB) Closes Overdraft Loophole to Save Americans Billions in Fees
Cap their overdraft fee at $5: Under this simple option, covered banks and credit unions could simply cap their fee at $5, ...
JD Supra1d
New CFPB Rule Applies Mortgage Standards to Residential PACE Financing
On December 17, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule applying standard mortgage protections to Residential ...
American Banker2d
CFPB sues Rocket Homes, brokerage over kickback scheme
The watchdog accuses Rocket Homes and The Mitchell Group brokerage of initiating a plan to generate origination business for ...
Consumer protection agency finalizes rule limiting overdraft fees
The Consumer Financial Protection Bureau installed the regulation less than two months before President-elect Donald Trump ...