CNN

From credit cards to medical debt: What may happen to some key consumer protection rules under Trump

The Consumer Financial Protection Bureau, the so-called cop on the beat protecting Americans from financial abuse, is now under strict orders to do nothing. “Please do not perform any work tasks,” ...

Credit card late fees cost Americans billions a year — now they're capped at $8

New federal regulations cap credit card late fees at $8, closing a loophole that allowed companies to increase their fees to ...

Truth in Lending Act (TILA): Comprehensive Consumer Protections Explained

Learn how the Truth in Lending Act (TILA) safeguards consumers with clear credit disclosures and protections against unfair ...
USA Today

No more consumer protection? What the CFPB shutdown means for you.

In the waning months of the Biden administration, the Consumer Financial Protection Bureau, or CFPB, released a flurry of new consumer protection rules, targeting everything from bank overdraft fees ...
The New York Times

With the Consumer Agency on Pause, Here’s How to Protect Yourself

Rules on bank and credit card fees, medical debt and payment apps are in limbo. One thing you can do is carefully check your financial statements, one expert says. By Ann Carrns With the government ...

Overdraft Protection Explained: How It Works and Is It Right for You?

Learn how overdraft protection works, its costs, benefits, and decide if it's the right choice for your checking or savings ...

New Buy Now, Pay Later Legislation Introduced To Offer Same Protections As Credit Cards

The Buy Now, Pay Later Consumer Protection Act, introduced on June 17, would offer buy now, pay later (BNPL) users the same ...
American Banker

Stablecoins won't displace credit cards for consumer payments

Credit cards offer consumers three things stablecoins currently cannot: interest-free short-term loans, rewards programs and transaction reversibility. Your Visa card is going to remain in your wallet ...