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The U.S. Consumer Financial Protection Bureau has fined Citizens Bank for violating the Truth in Lending Act
‘Buy now, pay later’ products should be subject to the same rules as other forms of credit, says director Rohit Chopra
Q4 2022 data reveals increased borrowing led by credit card debt
US consumers expect household incomes to lag inflation over the coming year
Banks must first look at how changing consumer payment preferences are impacting market dynamics
The main consumer watchdog focused on eliminating what they would call “junk fees” from banks
The bureau is collating research on key customer service metrics from large banks
Data revealed credit unions have “continued to perform well” so far this year
Follows December’s overdraft report from bureau which considered additional policy guidance
The association objected a bill proposed with the intention to increase credit union memberships
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Mitigating loss: Understanding the fraud triangle

Time/Date: Wednesday, December 11th, 2024, 2:00 ET

Fraud continues to be top of mind for bank executives, with hard dollar losses growing at an all-time high.

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