
The Biden Administration has initiated a move against the credit card industry, focusing on examining credit card rewards and 'buy-now, pay-later' companies due to an increase in consumer complaints. This action is spearheaded by the US Consumer Financial Protection Bureau (CFPB) under the direction of Rohit Chopra. The scrutiny, led by the US consumer watchdog, comes in response to a noticeable rise in grievances related to credit card rewards programs. This regulatory attention reflects the administration's broader efforts to address issues within the financial sector that affect consumers directly.









The top U.S. agency for consumer financial protection will scrutinize credit card reward programs after a surge in customer complaints. https://t.co/KBfiOZQE5t
Affordability is a core concern in this campaign and Trump’s protectionist plans would just make it worse: Trump’s Tariff Plan Would Cost Families $1,500 Annually https://t.co/rH5vF8DSp0 via @politicalwire
Donald Trump’s idea to implement a 10% tariff on all imported goods would spike prices by as much as $1,500 annually for American families, according to a new analysis by the liberal Center for American Progress Action Fund. https://t.co/lvtdY6fiHA