Some find this concerning because the users of this payment method tend to be less economically secure – in fact, the CFPB found in 2022 that about two-thirds of BNPL users have subprime or deep ...

The agency was created by lefty Sen. Elizabeth Warren and former President Barack Obama in the aftermath of the 2008 financial crisis as a consumer protection regulator.

Last March, the CFPB finalized a new rule that would cap credit card late fees at $8 or 25 percent of the minimum period payment, arguing that current fees—which average $32—are “excessive ...

A federal judge on Tuesday threw out a US Consumer Financial Protection Bureau rule capping credit card late fees at $8, after the agency agreed with opponents that the rule adopted during ...