junk fees

US Chamber Sues CFPB to Block Credit Card Late Fee Limits
US Chamber Sues CFPB to Block Credit Card Late Fee Limits
March 07, 2024  |  Legal

The U.S. Chamber of Commerce filed a lawsuit against the Consumer Financial Protection Bureau, aiming to stop the agency from implementing its new rule to limit credit card...

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CFPB Rule Lowers Credit Card Late Fees to $8
CFPB Rule Lowers Credit Card Late Fees to $8
March 05, 2024  |  CFPB

America’s consumer protection watchdog finalized a rule lowering credit card late fees. In a statement issued Tuesday (March 5), Consumer Financial Protection Bureau Director Rohit Chopra said the rule...

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CFPB Rule on Late Fees May Hamper Banks’ Ability to Innovate
CFPB Rule on Late Fees May Hamper Banks’ Ability to Innovate
March 05, 2024  |  Banking

Call it a form of fixed pricing in the banking industry. Financial services are joining the ranks of segments, such as pharma, where there are...

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Chase Faces Lawsuit Over Fees on Deposited Checks That Bounce
Chase Faces Lawsuit Over Fees on Deposited Checks That Bounce
February 21, 2024  |  Legal

JPMorgan Chase is facing a lawsuit over fees for deposited checks that bounce. In a lawsuit filed Wednesday (Feb. 21) against JPMorgan Chase, five customers...

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CFPB Handles 20,000 Consumer Complaints Per Week
CFPB Handles 20,000 Consumer Complaints Per Week
November 30, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) sends 20,000 complaints to companies for responses every week. “I am proud of the CFPB’s work in getting consumers...

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Biden to Corporations: ‘Give the American Consumer a Break’
Biden to Corporations: ‘Give the American Consumer a Break’
November 28, 2023  |  Economy

President Joe Biden has warned corporations to bring down what he says are inflated prices. “Any corporation that has not brought their prices back down, even...

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Biden Administration to Announce New Regulations to Tackle Junk Fees
Biden Administration to Announce New Regulations to Tackle Junk Fees
October 11, 2023  |  Regulation

President Joe Biden and the heads of the Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) will announce new rules and regulations to crack down on junk fees...

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California Bans Junk Fees, Anticipating Federal Efforts
California Bans Junk Fees, Anticipating Federal Efforts
October 09, 2023  |  Legal

California will ban junk fees beginning July 1, after the state’s governor signed a bill into law on Saturday (Oct. 7).  This move comes in...

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White House Demands Transparency From Rental Housing Platforms
White House Demands Transparency From Rental Housing Platforms
July 19, 2023  |  Real Estate

The White House says three major housing platforms have agreed to provide more transparency to prospective renters. Zillow, Apartments.com, and AffordableHousing.com will begin giving consumers the total of...

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