What To Expect From CFPB And DOT Card Rewards Inquiry

By Isabelle Ord, Austin Brown and Keara Gordon (August 22, 2024, 12:30 PM EDT) -- In a hearing on May 9, the U.S. Department of Transportation and the Consumer Financial Protection Bureau announced new inquiries focused on what was described as "numerous problems" with credit card and airline rewards programs. Transportation Secretary Pete Buttigieg and CFPB Director Rohit Chopra chaired the hearing, which included representatives from several airlines, financial institutions and consumer protection groups....

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