MONEYWATCH
The curious case of the CFPB
April 13, 2012
April 13, 2012
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of its first major decisions, meanwhile, the CFPB this week hacked away some red tape for financial firms, proposing a rule that would allow credit card issuers to charge unlimited up-front fees. That would significantly relax new limits on card fees imposed by the Federal Reserve under the Credit Card Accountability Responsibility and Disclosure Act, a 2009 law that among other things restricts the fees and interest rates issuers may charge.
Consumer agency softens credit card fee limit
Charge! The CARD Act is financial reform that works
Obama bucks GOP, names Cordray consumer watchdog
The CARD Act barred card companies
of its first major decisions, meanwhile, the CFPB this week hacked away some red tape for financial firms, proposing a rule that would allow credit card issuers to charge unlimited up-front fees. That would significantly relax new limits on card fees imposed by the Federal Reserve under the Credit Card Accountability Responsibility and Disclosure Act, a 2009 law that among other things restricts the fees and interest rates issuers may charge.
Consumer agency softens credit card fee limit
Charge! The CARD Act is financial reform that works
Obama bucks GOP, names Cordray consumer watchdog
The CARD Act barred card companies
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