News

Banks are keeping credit card rates high even after the CFPB rule they blamed for high APRs was killed
Retail cards hit a record high average interest rate of 30.5% last year, according to a Bankrate survey, and rates have ...
American Banker6d
CFPB to amend or reissue 1033 open banking rule, experts say
The Consumer Financial Protection Bureau under President Trump plans to make changes to the rule governing consumer financial ...
CFPB Plans to Ask Court to Vacate Biden Open Banking Rule (1)
The Consumer Financial Protection Bureau plans to ask a federal judge in Kentucky to vacate a Biden-era rule allowing ...
CFPB to revisit open banking rule
In its latest about-turn under the Trump administration, the Consumer Financial Protection Bureau is preparing to reopen its ...
The Banker5d
Barclays, StanChart face AGM pressure over clean energy targets; CFPB may revisit open banking rule over liability fears
The announcement came as central bank governor Pan Gongsheng told a press conference that the central bank will roll out a ...
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CFPB update: Massive guidance withdrawal & director nomination in flux
Dramatic changes at the Consumer Financial Protection Bureau keep surfacing, with the latest including the withdrawal of ...
JD Supra5d
CFPB Credit Card Late Fee Rule Vacated by Banking Trade Group Lawsuit
The CFPB's 2024 final rule on credit card late fees has been vacated as a result of the lawsuit filed by several banking industry trade ...
NBC New York5d
Banks are keeping credit card rates high even after the CFPB rule they blamed for high APRs was killed
Now, they're far more reluctant to reverse those steps, even after bank trade groups succeeded in killing the CFPB rule in federal ... were more than 160 million open retail card accounts last ...