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Consumer Bank Fined $9 Million in Settlement

Consumer Bank Fined $9 Million in Settlement

The U.S. Consumer Financial Protection Bureau has fined Citizens Bank for violating the Truth in Lending Act
CFPB Plots Clampdown on BNPL

CFPB Plots Clampdown on BNPL

‘Buy now, pay later’ products should be subject to the same rules as other forms of credit, says director Rohit Chopra
US Household Debt Increases

US Household Debt Increases

Q4 2022 data reveals increased borrowing led by credit card debt
Households Turn Gloomy on Incomes

Households Turn Gloomy on Incomes

US consumers expect household incomes to lag inflation over the coming year
How banks can regain market share by adding value across all payment rails

How banks can regain market share by adding value across all payment rails

Banks must first look at how changing consumer payment preferences are impacting market dynamics
CFPB Estimates Elimination of Overdraft Fees Saved Consumers $3 Billion: They Want Even More

CFPB Estimates Elimination of Overdraft Fees Saved Consumers $3 Billion: They Want Even More

The main consumer watchdog focused on eliminating what they would call “junk fees” from banks
Consumer Financial Protection Bureau Investigating Overdraft Charges

Consumer Financial Protection Bureau Investigating Overdraft Charges

The bureau is collating research on key customer service metrics from large banks
Credit union loans experienced highest growth in first quarter of 2022

Credit union loans experienced highest growth in first quarter of 2022

Data revealed credit unions have “continued to perform well” so far this year
Banking Trade Group Urges CFPB to Further Study Overdraft Use

Banking Trade Group Urges CFPB to Further Study Overdraft Use

Follows December’s overdraft report from bureau which considered additional policy guidance
Plans to Expand Credit Union Authority Criticized by ABA

Plans to Expand Credit Union Authority Criticized by ABA

The association objected a bill proposed with the intention to increase credit union memberships
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