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CFPB - Banking Exchange
Consumers have been granted the right to dispute buy now, pay later lenders
The announced adjustments are effective July 1, 2025
Many providers charge complex and costly maintenance and exit fees
A coalition of associations have claimed the proposal infringes on personal privacy rights
A separate ABA-led association has paused implementation of new rules to CRA
Proposed rule to ban junk fees aims to remedy widespread concerns
The new rules could save consumers over $3.5 billion in fees per year
The associations argued the CFPB’s proposal does not go far enough
Fed Bank of New York survey found short-term inflation expectations reached the lowest level in three years
The banking organizations wrote to the CFPB about the proposed redefinition of digital assets
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