Browsing: Credit cards

Newsbytes

A guest column in the New York Times claiming credit card points are being paid for by the poor is not supported by the evidence, American Bankers Association President and CEO Rob Nichols said in a recent letter to the editor appearing in the newspaper.

Newsbytes

A proposal by the CFPB to limit credit card late fees would have negative economic consequences for consumers and the agency needs to explain the process it used to draft the rule, Rep. Andy Barr (R-Ky.), House Financial Services Committee Chairman Patrick McHenry (R-N.C.) and 16 House Republicans said this week in a letter to the agency.

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