Charges of deceptive marketing aimed at allegedly luring customers to pay illegal and excessive membership fees – and make it “unreasonably difficult for consumers to cancel memberships and obtain refunds – are part of a […]
A mixed bag of results from federally insured banks’ first-quarter all reports included a strong rise in overall net income, overall good asset quality, but ongoing deterioration in commercial real estate (CRE) and credit card […]
An expansion of the types of companies represented and in the data collected in its yearly survey of credit-card issuers has been issued by the federal consumer financial protection agency with a public comment deadline […]
Growth in the consumer credit card market in recent years reversed itself in 2020, with credit card debt falling to $811 billion by the second quarter of 2020 from a 2019 peak of $926 billion […]
A “dual-feature credit card” and a program allowing employees access to their earned but unpaid wages prior to payday got the green light Dec. 30 for limited time under two “compliance assistance sandbox” (CAS) approval […]
A two-part review of rules implementing the 2009 law addressing credit card consumer protections, including whether any of those rules should be revised, rescinded or continued without change, is planned by the Consumer Financial Protection […]
Two-thirds of actively used credit card accounts carry a revolving balance, with balances revolved continuously for about 10 months, according to a “Data Point” report issued by the research unit of the Consumer Financial Protection […]
Consumers’ credit-card application rates drop sharply as consumers reach their minimum credit scores but trend “steadily upward” after they hit bottom, according to a report Thursday from the federal consumer financial protection agency. Additionally, the […]
An Ohio-based jewelry retailer – which includes among its name brands some of the most well-known stores across the nation – has agreed to a $10 million civil money penalty to federal authorities and a […]
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