Banks seek extension for comments on CFPB’s credit card late-fee plan
“Collecting data from big and small [credit card] issuers, as well as from consumers, and carrying out the necessary analysis, will take more time than is provided,” the trade banking group told CFPB Director Rohit Chopra.Ting Shen/Bloomberg Seven bank trade groups wanted more time to comment on the Consumer Financial Protection Bureau’s proposal to cut… Read More »