Credit-card issuers may face new limits on fees and greater disclosure requirements as the U.S. Consumer Financial Protection Bureau pledges more scrutiny after a 2009 law that revamped regulation of the business.
The U.S. Supreme Court term that opens next week gives the Republican-appointed majority a chance to undercut decades-old precedents in clashes over campaign finance, racial discrimination and legislative prayer.
The U.S. Consumer Financial Protection Bureau rejected a bid by three Native American online lenders to end a probe of possible abuses of consumers, and gave them 21 days to provide details about their businesses.
Democratic lawmakers including Senator Elizabeth Warren today demanded that eight U.S. banks produce information about agreements they may have with colleges to encourage students to use their products.
JPMorgan Chase & Co., the biggest U.S. bank by assets, is paying $389 million in penalties and restitution to settle regulators’ claims that it unfairly charged customers for credit-monitoring products.