March 2022 Articles – CFPB Journal

Users racked up $12 billion in 2020 credit card late fees

As the Consumer Financial Protection Bureau continues to pursue its proposed crackdown on “junk fees,” the agency released a report detailing the state of credit late fees, including the $12 billion consumers racked up last year.

Companies can’t delete negative reviews, CFPB says

The Consumer Financial Protection Bureau has issued a compliance bulletin on how companies can interact with consumer reviews, especially negative ones.

Biden includes CFPB in digital asset order

President Joe Biden has included the Consumer Financial Protection Bureau in his executive order establishing a federal digital assets strategy.

CFPB moves to curb ‘improper’ car repossessions

As the secondary auto market continues its brisk pace, the Consumer Financial Protection Bureau issued a compliance bulletin to help prevent “improper” repossessions.

CFPB adds medical billing to focus areas

The Consumer Financial Protection Bureau has issued a report drawing attention to consumer financial issues in medical billing, marking it as the latest area of focus for the agency.