consumer financial protection bureau

Late Fees Set To Decline Under Biden Administration Rule

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The Biden administration is trying to rein in what it says are unnecessarily high credit card late fees, putting in place a new consumer protection rule it says will lower them. “For over a decade, credit card giants have been exploiting a loophole to harvest billions of dollars in junk fees from American consumers,” Rohit … Read more

Credit card users can save over $400 a year by switching issuers: CFPB

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Olga Rolenko | Moment | Getty Images The nation’s largest credit card companies typically charge higher interest rates than small banks and credit unions — and switching may save the average cardholder hundreds of dollars a year, according to an analysis issued Friday by the Consumer Financial Protection Bureau. However, some consumers, depending on their … Read more

Joe Biden Cracks Down On Bank Overdraft Fees With New Rule

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