The Consumer Financial Protection Bureau continues to issue enforcement actions, research reports and bulletins on a regular basis. Here are a few of the bureau’s updates you should know about this week, as well as a notice of proposed rulemaking from the Federal Communications Commission regarding data breach reporting:
U.S. Secretary of Education Miguel Cardona today issued the following statement in response to the filing of more than a dozen amicus curiae briefs with the U.S. Supreme Court in support of the Biden Administration’s student debt relief program:
(RALEIGH) Attorney General Josh Stein filed a friend of the court brief in two cases before the U.S. Supreme Court about the Biden Administration’s targeted cancellation of federal student loan debt to help address COVID-19-related difficulties for borrowers.
With a focus on fees, the Consumer Financial Protection Bureau (CFPB) may reshape cross-border payments, specifically the hundreds of billions of dollars in remittances that are sent overseas.
More Americans are leaning on their credit cards in the face of rising prices. And as interest rates continue to climb, that debt is getting a lot more expensive. The average credit card user was carrying a balance of $5,474 last fall, according to TransUnion, up 13% from 2021.
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