The Biden Administration has initiated a move against the credit card industry, focusing on examining credit card rewards and 'buy-now, pay-later' companies due to an increase in consumer complaints. This action is spearheaded by the US Consumer Financial Protection Bureau (CFPB) under the direction of Rohit Chopra. The scrutiny, led by the US consumer watchdog, comes in response to a noticeable rise in grievances related to credit card rewards programs. This regulatory attention reflects the administration's broader efforts to address issues within the financial sector that affect consumers directly.
The top U.S. agency for consumer financial protection will scrutinize credit card reward programs after a surge in customer complaints. https://t.co/KBfiOZQE5t
Affordability is a core concern in this campaign and Trump’s protectionist plans would just make it worse: Trump’s Tariff Plan Would Cost Families $1,500 Annually https://t.co/rH5vF8DSp0 via @politicalwire
Donald Trump’s idea to implement a 10% tariff on all imported goods would spike prices by as much as $1,500 annually for American families, according to a new analysis by the liberal Center for American Progress Action Fund. https://t.co/lvtdY6fiHA
🟡New: A CAP Action analysis first provided to @semafor indicates Trump’s 10% universal tariff plan would spike prices *by $1,500* annually on American families. Ds are likely to use Trump trade plans to undercut his advantage on inflation https://t.co/n62EoieuPs
Trump’s tariff plan would cost families $1,500 a year, Democratic group finds | Semafor https://t.co/lK4xWfvUeM
Opinion | Trump’s China tariffs would be inflationary, but that can be fixed @WashTimesOpEd https://t.co/o6lqnWBpDU https://t.co/SIvCumzb8R
Biden admin takes a swipe at credit card competition https://t.co/8SKmupkdcR
Opinion | American left takes a page from failed Brussels playbook @WashTimesOpEd https://t.co/HFTG8B2MFI https://t.co/1Nz8UiuSBp
Opinion | Biden administration takes a swipe at credit card competition @WashTimesOpEd https://t.co/ULcmW142Kt https://t.co/uOj1yJhuWM
US consumer watchdog to examine credit card rewards, 'buy-now, pay-later' companies https://t.co/AOvGH85uvT https://t.co/WDZDukw8DJ
🇺🇸 US CONSUMER WATCHDOG TO EXAMINE CREDIT CARD REWARDS, DIRECTOR SAYS Full Story → https://t.co/AcgtVN3ljp https://t.co/HJqXVQ23JK
US CONSUMER FINANCIAL PROTECTION BUREAU DIRECTOR ROHIT CHOPRA SAYS AGENCY WILL EXAMINE CREDIT CARD REWARDS DUE TO INCREASE IN COMPLAINTS
The Biden Administration Takes a Swipe at Credit Card Industry https://t.co/Hw9CRxU4nX