Reversing a recent down trend, robocalls increased by 5% in August to 5.4 billion, according to Robokiller Insights. The worst offenders, the report said, were robocalls related to financial services, debt collection, medical scams, and loans. It’s not just the scam calls that are a problem; robotexts are a problem, too. Even with a 4% decrease in robotexts, Americans still received 11.3 billion robotexts in August.
Consumers in the U.S. have racked up more than $1.2 trillion in credit card debt, but some states — such as California — have larger increases and per-household debt than others.
WASHINGTON (Reuters) - U.S. bank groups on Tuesday accused the Federal Reserve and other regulators of violating federal laws with a sweeping proposal to raise capital requirements, escalating an assault on the draft rules that were also blasted by bank executives.
The Consumer Financial Protection Bureau’s (CFPB or Bureau) Summer 2023 Supervisory Highlights, which discusses key examination findings between July 2022 and March 2023, underscores the Bureau’s continuing aggressive interpretations of its authority.
Senator Josh Hawley has introduced new legislation that would cap credit card interest rates at 18% in a move he hopes is “fair, common-sense, and gives the working class a chance.”
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