The Consumer Financial Protection Bureau unveiled a new rule on Tuesday that it said would cap late fees that banks charge customers at $8 per incident. The new rule comes after the agency said it ...

Key Takeaways President Donald Trump's regulatory freeze could affect some of the CFPB's recent actions.In the days before ...

New government regulations are slashing the late fees charged by many credit card companies. On March 5, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule limiting the penalty ...

The agency withdrew a rule proposal barring bank fees on certain declined transactions. Its plan for a “more comprehensive ...

The Consumer Financial Protection Bureau issued a proposed rule that would protect consumers from abusive contract provisions ...

The incoming Trump administration's 'agency review team' has landed and is expected to name an acting director of the ...

On January 13, 2025, the Consumer Financial Protection Bureau (CFPB) proposed a rule to prohibit provisions in agreements for consumer ...

The Consumer Financial Protection Bureau (CFPB) said it plans to pursue rulemaking aimed at increasing the availability of ...

US Banks & Branch Offices used resources from the Consumer Financial Protection Bureau and other groups to learn about credit ...

Earlier this year, the CFPB finalized a rule that sets a “threshold” of $8 for credit card late fees that can be imposed by large card issuers, and eliminates automatic inflation increases.

However, some credit cards allow consumers to make over-the-limit purchases, which may sound great if you’re at your credit ...

Banks have previously sued the CFPB over these rules and caps on credit card late fees. Congress also has the ability to challenge or overturn the rule. The Consumer Bankers Association filed the ...