Buy now, pay later protections enacted by the Consumer Financial Protection Bureau are at risk as the agency loses its ...

The typical earned-wage-access user pays fees that amount to a 109.5% APR, despite the service often being marketed as a "free or low-cost solution," according to the CFPB. The California ...

"It's outrageous that the CFPB will not enforce the law that prohibits payday lenders and other 200% APR lenders from continually debiting people's accounts, subjecting them to multiple NSF and ...

The Senate voted to squash a rule limiting bank overdraft fees to $5. The House still needs to vote. Banks collected about $5.8 billion in overdraft fees from consumers in 2023. From JPMorgan to ...

The CFPB said it’s “reviewing and considering its positions on various agency actions,” including the rule capping credit card late fees at $8, which the agency adopted in March 2024.

“The CFPB’s overdraft fee rule will stop exploitative practices by big banks, improve transparency, and put $5 billion back into the pockets of everyday people.” Opponents of the rule say ...