The Consumer Financial Protection Bureau issued a statement today regarding the Supreme Court’s decision in CFPB v. Community Financial Services Association of America: “For years, lawbreaking companies and Wall Street lobbyists have been scheming to defund essential consumer protection enforcement. The Supreme Court has rejected their radical theory that would have devastated the American financial
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) issued a new report finding consumers encounter numerous problems with credit card rewards programs. Consumers tell the CFPB that rewards are often devalued or denied even after program terms are met. Credit card companies focus marketing efforts on rewards, like cash back and travel, instead of
WASHINGTON, D.C. – La Oficina para la Protección Financiera del Consumidor (CFPB, por sus siglas en inglés) emitió un nuevo informe (en inglés) que revela que los consumidores encuentran numerosos problemas con los programas de recompensas de las tarjetas de crédito. Los consumidores le han reportado a la CFPB que las recompensas a menudo están
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) took action against Chime Financial for failing to give consumers timely refunds when their accounts were closed. Thousands of consumers waited for weeks or even months for balance refunds after closing their accounts - a failure that inflicted significant financial harm on consumers who did
WASHINGTON, D.C. – Hoy, la Oficina para la Protección Financiera del Consumidor (CFPB, por sus siglas en inglés) tomó acciones (en inglés) contra la empresa Chime Financial por no enviarles oportunamente a los consumidores sus reembolsos después de cerrarles sus cuentas. Miles de consumidores esperaron durante semanas, o incluso meses, para recibir los reembolsos de
