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At a hearing Tuesday, consumer advocates called for a ban on deferred interest credit cards, and CFPB Director Rohit Chopra echoed their concerns. The agency signaled that actions to combat unfair fees in the medical realm could be coming soon.
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The announcement resolves the final outstanding order between Capital One and prudential regulators over its 2019 cyber incident.
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The Consumer Financial Protection Bureau ordered Bank of America to repay $100 million to customers who were charged multiple penalty fees when their accounts did not have enough money to cover payments, as well as those who did not receive the credit card rewards they were promised. The bank was also fined for opening a small number of accounts without customers' authorization.
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Sonata Bank is piloting a mobile bank account with fringe benefits for employees of franchise restaurants.
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Leigh Brady recently took over as chief executive of SECU, the second-largest credit union in the U.S. Don't look for any mergers under her leadership, Brady said, but she will focus on branch expansion and improving SECU's use of technology.
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Guy Harris and Eric Hoffman joined the company's leadership team to help it manage an industrywide spike in suspect payments.


















