CFPB proposes expanding safe harbor in remittance rule
The agency announced changes meant to reduce compliance costs and allow some institutions to provide estimates rather than disclose exact prices for international money transfers.
Payment fees
Temporary relief from CFPB remittance rule set to expire next year
The rule requires disclosure of exact fees but institutions can estimate pricing under an exception that will expire in 2020. The CFPB is seeking comment to prepare for that deadline.
CFPB’s student loan ombudsman resigns in scathing letter to Mulvaney
Seth Frotman, whose student lending unit had been gutted in May, said the bureau's current leadership "has abandoned its duty to fairly and robustly enforce the law.”
Retailers score latest win in fight to allow credit card surcharges
Merchants have been challenging surcharge bans in numerous states on free-speech grounds. They have the wind at their backs following another court victory on Wednesday.
