Hundreds of consumers have complained to the CFPB about a credit card for rental payments called Bilt. But the agency has been prohibited from responding.
credit cards
Posted inEconomic Policy
Trump’s Music Man Populism
The president’s recent spate of announcements on affordability contradict either GOP leaders or his own policy choices.
Posted inMoney, Politics, and Power
Crypto Thought They Bought Congress. They Bought a Headache.
The industry thought it had its legislative wish list on track for passage. Then it all got mired in a fight over credit card swipe fees.
Posted inHealth and Social Policy
Predatory Lenders in the Operating Room
Medical credit cards have gone mainstream, preying on sick people at their most vulnerable.
Posted inEconomic Policy
When the Government Actually Governs
The Biden administration’s antitrust agencies are hitting the tape with new rules and enforcement actions.
Posted inPolitics
Modest FTC Junk Fee Rule Built on Bipartisan Support
Democratic regulators wanted to make sure the rule will survive. Republican support on the commission and popular bills in Congress could get them there.
Posted inTAP
The Justice Department Challenges Visa’s Predatory Power
Today on TAP: The giant credit card company offers a textbook case in abuse of market power to buy off or crush potential competitors and reap excess profits at consumer expense.
Posted inLaw and Justice
Courts, Financial Industry Continue to Resist CFPB Enforcement
There are 16 cases that should go forward because of the Supreme Court ruling confirming the Bureau’s constitutionality. It’s been slow going.
Posted inEconomic Policy
The Problem Isn’t Financial Literacy, It’s Financial Fairness
In California, no-fee accounts would combat systemic discrimination in banking services.