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CFPB Targets Credit Card Rewards: Regulatory Risks Rise for JPMorgan (JPM)

Yahoo Personal Finance Read original source (opens in a new tab)
The Story

News Summary

  • The CFPB is increasing scrutiny on credit card rewards programs and high interest rates following a 70% surge in consumer complaints.
  • Issues include rewards devaluations, hidden conditions, and redemption hurdles, potentially increasing regulatory burdens for major card issuers like JPMorgan Chase.
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JPM price history

356.23 +21.24% over the displayed period

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