The CFPB’s new rule fails to recognize the different risks and benefits of fintech products like neo-banks and cryptocurrency exchanges. A uniform approach leads to confusion and consumer harm. Read more ⤵️ https://t.co/7FXAVs7DbI
Once-simple airline rewards programs have morphed into a convoluted system that makes it harder for customers to land deals. @allyversprille explains why the airline rewards game is getting tougher to win https://t.co/B4QzPfMEx3 https://t.co/o6EHvMNsCF
My colleagues and I dug into the rewards programs of the three largest US airlines. Here's what we found... @A_W_Gordon @Schlangenstein https://t.co/x5devGB9YO

The Consumer Financial Protection Bureau (CFPB) has taken measures to protect consumers from deceptive practices related to credit card rewards. The agency has issued a warning to credit card firms regarding the potential illegality of devaluing rewards points and airline miles. In conjunction with this warning, the CFPB launched a new tool called Explore Credit Cards, which allows consumers to compare over 500 credit cards using unbiased and comprehensive data. This initiative aims to help consumers make informed decisions and avoid scams related to misleading rewards, high-interest rates, and hidden fees. The CFPB's actions come amid growing concerns about the complexity and opacity of credit card rewards programs, which have become increasingly difficult for consumers to navigate.