Consumer Financial Protection Bureau Launches Initiative to Save Americans Billions in Junk Fees

Today, the Consumer Financial Protection Bureau (CFPB) launched an initiative to save households billions of dollars a year by reducing exploitative junk fees charged by banks and financial companies. Today’s request is a chance for the public to share…

Today, the Consumer Financial Protection Bureau (CFPB) launched an initiative to save households billions of dollars a year by reducing exploitative junk fees charged by banks and financial companies. Today’s request is a chance for the public to share input that will help shape the agency’s rulemaking and guidance agenda, as well as its enforcement priorities in the coming months and years.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/consumer-financial-protection-bureau-launches-initiative-to-save-americans-billions-in-junk-fees/

CFPB Joins Other Financial Regulatory Agencies in Issuing Statement on Discontinuation of LIBOR

The Consumer Financial Protection Bureau (CFPB) joined four other federal financial regulatory agencies and state bank and credit union regulators today in issuing a statement highlighting the risks posed by the discontinuation of LIBOR (originally an …

The Consumer Financial Protection Bureau (CFPB) joined four other federal financial regulatory agencies and state bank and credit union regulators today in issuing a statement highlighting the risks posed by the discontinuation of LIBOR (originally an acronym for London Interbank Offered Rate).

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-joins-other-financial-regulatory-agencies-in-issuing-statement-on-discontinuation-of-libor/

CFPB Report Finds Declines in Credit Card Debt, New Applications and Increases in Digital Engagement in 2020

The Consumer Financial Protection Bureau released its fifth biennial report to Congress today on the consumer credit card market, finding that the market’s growth over the last few years reversed course in 2020.

The Consumer Financial Protection Bureau released its fifth biennial report to Congress today on the consumer credit card market, finding that the market’s growth over the last few years reversed course in 2020.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-report-finds-declines-credit-card-debt-new-applications-increases-digital-engagement-2020/

Consumer Financial Protection Bureau Issues Report Finding a Continued Decline in College Credit Card Agreements in 2020

The Consumer Financial Protection Bureau (CFPB) today released a report on the agreements signed between credit card issuers and colleges, or organizations affiliated with colleges, finding that the market for college credit cards continued its general…

The Consumer Financial Protection Bureau (CFPB) today released a report on the agreements signed between credit card issuers and colleges, or organizations affiliated with colleges, finding that the market for college credit cards continued its general trend of decline in 2020.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-issues-report-finding-a-continued-decline-in-college-credit-card-agreements-in-2020/

Consumer Financial Protection Bureau Report Finds Continued Decline in the Market for Certain Kinds of College Credit Cards

The Consumer Financial Protection Bureau issued a report on agreements between credit card issuers and institutions of higher education.

The Consumer Financial Protection Bureau issued a report on agreements between credit card issuers and institutions of higher education.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/consumer-financial-protection-bureau-report-finds-continued-decline-market-certain-kinds-college-credit-cards/

Consumer Financial Protection Bureau Report Examines Early Impact of Pandemic on Consumer Credit

The Consumer Financial Protection Bureau issued a report examining the early effects of the COVID-19 pandemic on consumer credit.

The Consumer Financial Protection Bureau issued a report examining the early effects of the COVID-19 pandemic on consumer credit.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-report-examines-pandemic-impact-on-consumer-credit/

Consumer Financial Protection Bureau Requests Information on the Impact of the CARD Act Regulations on Small Entities and the Consumer Credit Card Market

The Consumer Financial Protection Bureau issued a request for information to examine the impact of the rules that implement the Credit Card Accountability Responsibility and Disclosure Act of 2009.

The Consumer Financial Protection Bureau issued a request for information to examine the impact of the rules that implement the Credit Card Accountability Responsibility and Disclosure Act of 2009.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-rfi-card-act-regulations-small-entities-and-consumer-credit-card-market/

CFPB Releases Report on Debt Settlements and Credit Counseling

The Consumer Financial Protection Bureau released a report examining recent trends in debt settlement and credit counseling.

The Consumer Financial Protection Bureau released a report examining recent trends in debt settlement and credit counseling.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-releases-report-debt-settlements-credit-counseling/

CFPB Takes Steps to Facilitate LIBOR Transition

The Consumer Financial Protection Bureau took steps to facilitate the transition away from LIBOR for consumers and regulated entities.

The Consumer Financial Protection Bureau took steps to facilitate the transition away from LIBOR for consumers and regulated entities.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-facilitates-libor-transition/