Consumer Financial Protection Bureau Archives

AmEx to pay millions for unfair marketing of financial services; penalty too small to change anything.

Pinpointed by three U.S. agencies – CFPB, OCC and FDIC – American Express Co. agreed to pay $75.7 million for its deceptive marketing of financial services added to credit cards….

CFPB: Americans need financial education and not marketing

Bank Marketing

The Consumer Federal Protection Bureau released a report indicating that the United States spends 25 times more money each year on marketing financial products than on financial education. The study conducted…