Jewelry Retailer Enrolled Customers in Credit Cards and Related Products Without Their Consent
Five federal financial institutions regulators and state regulators encourage financial institutions to work with consumers affected by the federal government shutdown.
Citibank Failed To Reevaluate And Reduce The Annual Percentage Rates For Consumer Credit Card Accounts
The Bureau of Consumer Financial Protection (Bureau) today released its biennial report on the state of the credit card market.
CFPB Supervision Recovers $14 Million in First Half of 2017 for Over 100,000 Consumers Harmed by Illegal Practices
Bureau Supervision Requires Some Companies to Change Practices to Prevent Future Violations
CFPB Announces Annual Dollar Thresholds in Truth in Lending Act Regulations for Certain Credit Transactions
Adjustments Based on Annual Percentage Change in Consumer Price Index
CFPB and American Express Reach Resolution to Address Discriminatory Card Terms in Puerto Rico and U.S. Territories
Consumers Harmed By Inferior Card Terms, Including Higher Interest Rates, Stricter Credit Cutoffs, and Less Debt Forgiveness, Receive Over $95 Million in Redress
Report Also Looks at Consumer Complaints from Massachusetts
CFPB Orders Mastercard and UniRush to Pay $13 Million for RushCard Breakdowns That Cut Off Consumers' Access to Funds
Preventable Failures Left Tens of Thousands of Economically Vulnerable Consumers Unable to Pay for Necessities
Thank you all for joining me on this call. Today, the Consumer Bureau is taking action against UniRush, which administers the RushCard, and Mastercard, its payment processor. This action stems from a meltdown in October 2015, when tens of thousands of users of the RushCard found themselves locked out of their accounts.