WFLA News Channel 81d
CFPB sues Zelle operator and 3 banks, alleging poor fraud safeguards
Zelle is owned by seven major banks. The CFPB has sued Early Warning Services, the company that operates Zelle, along with ...
KTEP4d
Some credit card companies may be devaluing rewards illegally, CFPB says
The Consumer Financial Protection Bureau said some credit card companies may be devaluing points and airline miles illegally. NPR's Sarah McCammon talks to Nick Ewen of The Points Guy.
'Zelle Became A Gold Mine For Fraudsters': Consumer Financial Protection Bureau Lawsuit (UPDATED)
Last week, the Consumer Financial Protection Bureau sued 3 of the nation's largest banks and the operator of Zelle for ...
Consumer Financial Protection Bureau sues big banks over 'widespread' fraud on Zelle app
The CFPB said the banks violated federal law through critical failures, alleging they ignored red flags that could have prevented fraud.
MarketWatch6d
My ex-husband is worth 10 times what I’m worth. Is it fair that we contribute equally to our son’s college education?
Do you think two parents of an adult child should always split the adult child’s expenses equally regardless of their individual financial circumstances? In particular, how would you factor in ...
Yakima Herald-Republic7dOpinion
Commentary: The Consumer Financial Protection Bureau has irked billionaires, but it serves the public well
Multibillionaire Elon Musk and California venture capitalist Marc Andreessen have started a debate about the role of ...
Palm Beach Post14d
Consumers could see a $5 overdraft fee in 2025 under a final rule — or maybe, not
The CFPB said $5 is the estimated level at which most banks could cover costs associated with administering a courtesy overdraft program. The $5 is a bit higher than the $3 benchmark fee that had ...
NBC DFW14d
Federal student loan forgiveness opportunities lost to those who refinance, CFPB warns
In a report published Monday, the CFPB said that private lenders use "deceptive" practices in their marketing and disclosure materials, misleading student borrowers about a key pitfall of ...
Forbes15d
The CFPB Is Telling U.S. Banks To Run Backwards
Chopra delivered the CFPB's semi-annual report to Congress. (Photo by Chip Somodevilla/Getty Images) Whether it’s Goldman Sachs and J.P. Morgan talking to their high-net worth prospects ...
CNN15d
The median renter in America has a net worth of $10,400. The median homeowner’s net worth is $400,000
Two years ago, Elizabeth Grantham decided she didn’t want to rent much longer, so she moved from her hometown in the pricey San Francisco Bay Area to Washington state to save up to buy a home ...
Newsweek18d
Bank Groups Sue US Government Bureau Over Overdraft Fees Rule
Presently, banks have no limits on overdraft fees they can charge. According to the CFPB, the nation's largest banks make approximately $8 billion a year in the charges. The finalized rule ...
CNBC19d
Credit card late fees cost Americans billions a year — now they're capped at $8
On March 5, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule limiting the penalty for late payment to $8 per incident, down from an industry average of $32. It is expected to ...