The Consumer Financial Protection Bureau (CFPB) has released a new bulletin of consumer complaints about crypto.
The CFPB says delinquencies and late fees add up and recommends tighter regulation of loans in line with the credit card industry.
The Consumer Financial Protection Bureau will reportedly push banks to reimburse customers who lose their money through scams on apps like Paypal, Venmo and Zelle.
Credit card companies can change their fees based on inflation.
But homeowners are in a better position to avoid foreclosure than they were in the last crisis.
Under President Trump, the Consumer Financial Protection Bureau relaxed rules on payday lending and debt collection.
Lenders will not have to verify whether borrowers have the ability to pay back high-interest loans
The federal agency has a $1.2 billion fund to pay fraud victims, but can also use it for financial literacy programs.
Some states are stepping up their plans to regulate the debt collection industry. Consumer advocates say the moves come at a time when Federal protections are weakening.
The Consumer Financial Protection Bureau is reviewing a 2009 rule that regulates how banks charge customers who overdraw their checking accounts.