The U.S. Consumer Financial Protection Bureau has fined Citizens Bank for violating the Truth in Lending Act

‘Buy now, pay later’ products should be subject to the same rules as other forms of credit, says director Rohit Chopra

Q4 2022 data reveals increased borrowing led by credit card debt

US consumers expect household incomes to lag inflation over the coming year

Banks must first look at how changing consumer payment preferences are impacting market dynamics

The main consumer watchdog focused on eliminating what they would call “junk fees” from banks

The bureau is collating research on key customer service metrics from large banks

Data revealed credit unions have “continued to perform well” so far this year

Follows December’s overdraft report from bureau which considered additional policy guidance

The association objected a bill proposed with the intention to increase credit union memberships