Consumer Financial Protection Bureau

A proposed limit on credit card late fees could eventually help consumers burdened by credit card debt and inflation. (Photo by Joe Raedle/Getty Images)

Proposed federal rule would lower credit card late fees

BY: - February 6, 2023

As Americans continue to struggle with high credit card rates, the Consumer Financial Protection Bureau has proposed a rule to help lessen some of their financial burden — in the form of lower late fees.  The new rule would limit late fees to $8. Currently credit card companies can charge as high as $41 — […]

Four in 10 adults in the United States have medical debt, according to a report from the Kaiser Family Foundation.

Two communities find a cure for medical debt: pandemic stimulus funds

BY: - November 21, 2022

Local governments in Ohio and Illinois are using American Rescue Plan Act money to relieve residents struggling with medical debt by partnering with an organization that buys debt and wipes the slate clean for debtors. It’s a strategy advocates say could be duplicated across the country to help erase a multibillion-dollar problem. On Nov. 9, […]