Judge s CFPB data rule pause could open a lane for late fee rule opponents americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
The Consumer Financial Protection Bureau has proposed that credit card companies cut their late fees. Here's how those companies are fighting back.
Regulators are bringing enforcement cases while also proposing wider changes that would change the industry for years to come. The scrutiny covers pricing discrimination, products that make car purchases more expensive and lenders' handling of repossessions.
Credit Acceptance Corp., a major name in subprime auto finance, is facing a legal challenge over its lending practices. Some lawyers and analysts say the company's battle with the Consumer Financial Protection Bureau has broader implications for the rest of the industry.