Wall Street Journal: White House playing ‘whack-a-bank’ with late fee rule
A new CFPB rule to cap credit card late fees at $8 is the latest move to turn banks into ...
Tag: Credit cards
ABA expresses support for bills on UDAAP enforcement, debit interchange
ABA expressed support for two House bills, one seeking to clarify standards for UDAAP enforcement actions brought by the CFPB, ...
ABA, U.S. Chamber sue CFPB over regulation restricting credit card late fees
ABA joined the U.S. Chamber of Commerce and four business groups in filing a lawsuit in federal court challenging the ...
Missing the point on credit card APR margins
Contrary to showing anti-competitive behavior, as the CFPB misreads the data, credit cards are a competitive sector that has expanded ...
CFPB to curtail credit card late fee safe harbor
The CFPB released a final rule sharply reducing allowable late fees on credit card payments. ABA said the rule is ...
CFPB analysis obscures truth on credit card market
A recent Consumer Financial Protection Bureau report on credit card competition misses the mark.
ABA blasts misleading CFPB rhetoric on credit cards
ABA President and CEO Rob Nichols criticized the CFPB following a new report on “rigged” comparison-shopping results for credit cards ...
Survey: Rewards credit cards most popular borrowing tool for small businesses
Revolving credit products such as credit cards and lines of credit are the most widely used borrowing tool by small-to-midsize ...
Research: Credit card routing bill benefits large retailers over small businesses
A proposed credit card routing mandate bill would result in the transfer of billions of dollars from consumers to the ...
The 2024 compliance outlook
Change is the only constant and banks’ processes must be fine-tuned to detect all that happens in a rapidly-transforming regulatory ...
