Tag: Consumer Financial Protection Bureau
Navigant makes changes to fee policy on overdrafting accounts
SMITHFIELD – Navigant Credit Union, the state's largest credit union, says it has eliminated or reduced the fees for overdrafting accounts.
The new fee structure...
Big-bank CEOs warn that new regulations could harm the economy
NEW YORK (AP) – The heads of Wall Street's biggest banks used an appearance on Capitol Hill to plead with senators to stop the...
Reed leads call for credit bureaus to better protect service members...
PROVIDENCE – Erroneous information that shows up on a credit report can be costly for any consumer – making it harder and more expensive...
BofA to pay more than $100M for doubling fees, opening accounts...
Bank of America must pay more than $100 million to customers for doubling up on some fees, withholding reward bonuses and opening accounts without...
CFPB launches probe into costly credit cards pushed on patients for...
WASHINGTON – Three federal agencies last week launched an investigation into high-cost specialty financial products – such as medical credit cards and installment loans...
CFPB director Chopra outlines road to open banking
PROVIDENCE – The Consumer Financial Protection Bureau is working to accelerate the shift to open banking through a new personal data rights rule intended...
Billions stored on digital payment apps may be unprotected, CFPB warns
WASHINGTON – The Consumer Financial Protection Bureau has published a consumer advisory on digital payment apps heavily used by consumers and businesses.
A CFPB analysis...
Citizens Bank to pay $9M penalty for unlawful credit card servicing
PROVIDENCE – Without admitting fault, Citizens Bank on Tuesday agreed to pay $9 million to settle allegations of failing to properly manage and respond...
CFPB warns banks against unilaterally reopening closed consumer accounts
WASHINGTON – The Consumer Financial Protection Bureau affirmed last week that a bank is in violation of federal law if it unilaterally reopens a...
Buy now, pay later can make gift returns trickier
Shoppers who used “buy now, pay later” to help finance gifts this holiday season may soon encounter an unwelcome surprise: returns can be more...
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