Tag: consumers
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Judge Halts Rule on Late Fees $14B Annual Savings at Risk
By Charlene Crowell May 14 was the day that the Consumer Financial Protection Bureau (CFPB) was set to implement a new rule that would save credit card holders an estimated $14 billion each year. The rule would provide savings of $220 per year on average for people who are charged late fees. Instead, a federal district judge ... -
49M Consumers May Wait 20 Weeks for Stimulus Checks
By Charlene Crowell As the COVID19 pandemic continues to unfold with surging confirmed cases and ever-rising deaths, the Department of Labor announced on April 16 that more than 22 million consumers filed new unemployment claims since late March. For these and other Americans, the federal government’s one-time financial stimulus is intended to lessen the ...