FTC finalizes consent ordering for illegal business tactics, restricting debit payment transactions. The Federal Trade Commission (FTC) has finalized a consent order that addresses Mastercard’s illegal tactics which…
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FTC Permanently Bans Firms from Debt Relief After Scams
The defendants who defrauded credit card debtors must surrender assets. The Federal Trade Commission (FTC) successfully sued operators of a credit card debt relief scheme that was located…
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President’s Administration Warns Financial Firms of AI Risks
Decisions made with data sets can lead to more discrimination, not less The heads of the Consumer Financial Protection Bureau, the Justice Department’s civil rights unit, and the…
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Federal Reserve Raises Interest Rates Again
The result will be tighter credit options for households. At its meeting on Wednesday, the Federal Reserve raised interest rates to a target range of 4.75% to 5%,…
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Nation’s Household Debt at $16.9 Trillion
Greatest increase in two decades hits record. A new report from the Federal Reserve reveals that U.S. household debt has risen to a record $16.9 trillion in the…
Read MoreAdministration Proposes Lower Credit Card Fees
Late fees would be capped at $8. The Consumer Financial Protection Bureau is proposing an update to the 2009 regulation from the Credit Card Accountability Responsibility and Disclosure…
Read MoreFTC Finds Mastercard Violated Durbin Amendment
Order submitted to stop the company’s block of competing processing networks. The Federal Trade Commission (FTC) has found Mastercard’s online business practices to be a violation of the…
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