The oft-maligned payday lending industry may be about to get a makeover.
The Consumer Financial Protection Bureau is launching a public inquiry into how the credit card market works.
The big selling point for arbitration has been that reducing legal costs by blocking customer lawsuits would result in lower prices for consumers. But that hasn’t been the case.
The CFPB also wants agencies to make it easier for consumers to access and interpret their credit reports.
The CFPB is working on a tool to help colleges strike deals with banks that don’t stick students with high fees and skimpy features.
A new report alleges more campuses are marketing debit and prepaid cards over credit cards to shirk disclosure requirements.
The CFPB has an unlikely supporter of its proposal for tighter prepaid card regulations — Green Dot, the issuer of one of the most recognized prepaid cards in the country.
Along with knowing your rights under the Fair Debt Collection Practices Act, you should know your debts and credit account listings.
There’s a loophole in the law that protects your bank debit card against errors, fraud and lost cards, and those protections don’t apply to most prepaid cards.
A new report from the Consumer Financial Protection Bureau calls out student loan serving companies for illegal practices.