House Republicans seek answers on CFPB’s credit card fee rule
A proposal by the CFPB to limit credit card late fees would have negative economic consequences for consumers and the ...
Tag: Credit cards
ABA, associations urge CFPB to extend comment period for credit card fee changes
The American Bankers Association and six banking and credit union associations this week requested that the CFPB extend by at ...
Report: Skimming fraud exploded in 2022
U.S. card skimming grew by nearly 500% in 2022 and is showing signs it will grow even faster this year, ...
Biden repeats misleading message about bank fees in State of the Union
In his State of the Union address tonight, President Biden highlighted his administration’s proposals to place price controls on consumer ...
Consumers turn to credit cards, home equity to maintain financial stability
Consumers are continuing to look to credit to ease the financial pressures of high inflation and rising interest rates, according ...
Inflation drives business dissatisfaction with merchant services
Inflation is driving down small business satisfaction with payment processing solutions, according to a new survey on merchant services satisfaction ...
CFPB proposes to overturn longstanding credit card late fee safe harbor
The Consumer Financial Protection Bureau this week announced it would seek to curb what it called “excessive credit card late ...
Survey: Many consumers prefer physical cards over digital wallets
A growing number of people say they prefer plastic debit and credit cards over digital wallets, in part because they ...
ABA, trade groups: CFPB must seek small bank input on credit card fee rule
The Consumer Financial Protection Bureau is required by law to seek input from community banks and credit unions before moving ...
Survey: Consumers skeptical of economic turnaround, pack on holiday debt
More than 33% of Americans overspent during the holidays and 59% do not expect the economy to return to normal ...
