During today’s U.S. Senate Committee on Commerce, Science, and Transportation confirmation hearing for Sean Duffy, the President-elect’s choice to lead the U.S. Department of Transportation failed to resolve concerns around a major conflict of interest he could face after lobbying for the same airlines now suing the agency to overturn rulemaking
As part of its ongoing fight to lower costs for American families, the Consumer Financial Protection Bureau (CFPB) is cracking down on potentially illegal credit card reward scams, warning that some credit card companies may be taking advantage of customers by devaluing rewards while continuing to charge higher than average interest rates.
As part of the Biden administration’s ongoing efforts to lower costs for American families, the Consumer Financial Protection Bureau (CFPB) today announced its final overdraft rule, capping overdraft fees charged by banks and credit unions to as low as $5. The final rule is expected to save $5 billion in annual overdraft fees, roughly $225
Pittman's decision to block the CFPB’s credit card late fee rule could cost consumers billions per year
Today, the U.S. Senate Judiciary Committee hosts a hearing on why ending the Visa-Mastercard duopoly is badly needed to allow more competition and lower swipe fees that punish consumers and small business owners alike.
Today, the Biden-Harris administration revealed its final rule requiring airlines to be more transparent about pricing and to provide automatic cash refunds to customers with delayed or canceled flights. Alongside the announcement, new research from government watchdog Accountable.US revealed today that Airlines for America, a trade group, and six
Today, a new report from government watchdog Accountable.US revealed that six of the largest banks still reliant on junk fees—including, U.S. Bank, JP Morgan, and Wells Fargo—raked in $7.2 billion in service charges on deposit accounts, including over $1.2 billion in overdraft fees, in just the first half of 2024.
The Credit Card Competition Act would open the doors for competitors and drive down credit card fees
In a major win for struggling tenants, today the Biden-Harris administration announced that Invitation Homes -- the nation’s top corporate landlord for single-family homes -- agreed to a $48 million settlement to help refund consumers harmed by the company’s illicit behavior including “deceiving renters about lease costs, charging undisclosed junk
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