Study: U.S. consumers continue to rack up credit card debt
Though U.S. consumers paid down $50 billion in credit card debt during the first quarter of 2024, credit card debt ...
Tag: Credit cards
ABA Regulatory Compliance Inbox: What is the requirement to provide credit score exception notices?
And: Questions on real-time payments and investigating multiple disputed debit card transactions.
Don’t reward misleading data
The CFPB continues to mislead policymakers and the public about credit card rewards programs.
Illinois passes limits on payment card interchange fees
Illinois lawmakers passed a state budget that includes a ban on the collection of credit and debit card interchange fees ...
CFPB to define buy now, pay later providers as credit card providers
The CFPB issued an interpretive rule to define lenders who provide buy now, pay later products as credit card providers ...
Fed survey: Unbanked status continues to vary among income, ethnic groups
While 94% of U.S. adults have a bank account, notable differences remain among different income and ethnic groups, the Federal ...
Former CFPB director urges bureau to stop manipulating data on credit cards
In a new opinion column for American Banker, former CFPB Director Kathy Kraninger said she is concerned about the bureau’s ...
Court blocks CFPB’s late fee rule from taking effect
ABA's Rob Nichols welcomed the ruling, which he said “will spare banks from having to immediately comply with a rule ...
CFPB issues report on credit card rewards program complaints
The CFPB released a report identifying what it said were four common criticisms about credit card rewards programs made by ...
CFPB, Transportation Department hold hearing on credit card, airline rewards
The CFPB and Department of Transportation today held a joint hearing on credit card and airline rewards programs, highlighting what ...
