New York Consumer Law Blog

Wednesday, March 4, 2020

Supreme Court's CFPB case potentially impacts anyone with credit card debt or a mortgage

If Kavanaugh maintains his position and finds four colleagues to join him, it is hard to see how any of the decisions the agency has made over almost a decade could stand. For instance, the CFPB has helped to reduce high late-fees on credit cards, undisclosed credit card fees and sharp interest rate hikes. It has also increased transparency related to credit card costs. The rules the CFPB has implemented to protect consumers would be erased.

https://www.nbcnews.com/think/opinion/supreme-court-s-cfpb-case-potentially-impacts-anyone-credit-card-ncna1147511


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