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CFPB Issues Warning on Deceptive Credit Card Marketing

September 3, 2014 Chase Slate , credit cards , Consumer Financial Protection Bureau , Richard Cordray , CFPB , convenience checks , balance transfer credit cards , credit card practices , credit card companies , 0% interest rates , deceptive credit card practices , credit card marketing , credit card intro rates , introductory rate credit cards , low introductory rate , low rate credit cards , zero interest credit cards John H. Oldshue

Today, the Consumer Financial Protection Bureau issued a warning to credit card companies about deceptive marketing tactics used to promote convenience checks and reduced or zero percent interest offers. The Bureau told banks to properly disclose the costs of these promotional offers and what would cause the reduced rates to cease. Banks that do not

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