Consumer Protection – Page 15

Trade Groups Sue to Block Credit Card Late Fee Limit

Banking groups and Texas business associations asked a federal court to abolish a new federal rule that would cap most late fees at $8.

By Stacy Cowley

Banking and Financial Institutions Chopra, Rohit Consumer Financial Protection Bureau Consumer Protection Credit Cards Fines (Penalties) Personal Finances

New Federal Rule Caps Most Credit Card Late Fees at $8

The Consumer Financial Protection Bureau said its new restriction would save households $10 billion a year in “junk fees.”

By Stacy Cowley

Consumer Federation of America Consumer Protection Content Type: Service Federal Trade Commission Funerals and Memorials National Funeral Directors Assn Personal Finances Prices (Fares, Fees and Rates)

F.T.C. Warns Dozens of Funeral Homes to Provide Accurate Costs to Callers

The agency said an “undercover phone sweep” of more than 250 homes found that 38 failed to provide prices or supplied inconsistent prices in separate calls.

By Ann Carrns

Banking and Financial Institutions Consumer Financial Protection Bureau Consumer Protection Credit Unions Personal Finances Regulation and Deregulation of Industry

Consumer Bureau Proposes Overdraft Fee Limits for Large Banks

The options would include charging a benchmark fee, set by the bureau, that would be significantly lower than the current $35 standard.

By Stacy Cowley