- Rethinking the approach to regulations by CFPB. Looks like they want to move to a simpler rule set to enforce regulations.
- IRS Is Falling Further Behind on Tax-Return Backlog, Watchdog Says by WSJ.
- CFPB Wants To Use Banks’ Revenue Data To Change Card Late Fees by PYMNTS.
- 25% discount on Turkish awards to/from Seattle (biz class from 33,750 – maybe) by FM.
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Submitted my 2021 tax return this Feb and still nothing on the refund yet
CFPB needs more authority it’s just a toothless tiger right now. get Demented Biden and his inflation printing press out of office and bring in someone who is willing to do consumer protection.
yes, let’s get those republicans back in office. we know they love protecting consumers and that the CFPB will no longer be a toothless tiger then, because they will vote to abolish the CFPB! i mean, they’ve already introduced those bills in congress after all 🙂
Still waiting on my 2020 tax year refund. Last time I ever prepay for CC SUB.
The article mentions that the IRS said they would complete processing of all 2020 returns by the end of last week. Doesn’t appear to be the case!
Me as well. There doesn’t appear to be a number you can call
i would recommend calling. my 2020 refund had a block, possibly because my multiple payments raised some flag. took a few attempts, but after the block was removed, i received my refund. my 2021 refund was processed automatically and i got it within a few weeks of filing.
Excited for when everybody and his brother is issued a 1099-K for selling their old bicycles and sneakers, don’t understand what to do with it, and millions of mail audits are added to the backlog.
Lowering credit card late fees seems like bad news for the middle class, since banks can now justify raising the cc interest rate on revolvers since JPow gave them the green light to do so.
how many middle class folks are actually revolvers…
I bet a surprisingly high amount. “Middle class” isn’t easily defined, but since a majority of Americans don’t have emergency savings, I would venture to guess that it’s a lot.
That’s lower middle class.
” 3 out of 10 of people making $250K, live paycheck to paycheck” – Bloomberg or Yahoo Finance
There is no middle class
Banks don’t have to justify anything — the credit card interest rates are always tied to the prime rate, which itself is tied to the federal funds rate. This has nothing to do with late fees.
Many banks have already raised rates since January. My USAA cards are up 0.75, my Citi and USB cards are up 1.5. AOD still holding the line 💪
Middle class? LOL
Because people living beyond their means should be protected.