Fred Williams

Fred O. Williams is senior reporter for CreditCards.com. A business journalist since 1987, he writes about consumer financial issues from Washington, D.C. His work has appeared in USA Today and Kiplinger’s Personal Finance magazine.

Posts by Fred Williams

Research, regulation, industry reports

CFPB advisory board dissolved after members criticize agency

After six months under its Trump-appointed leader, the U.S. Consumer Financial Protection Bureau is showing new signs of strain as it scales back consumer protection activities. On Wednesday, the agency announced the dissolution of its 25-person Consumer Advisory Board, two…
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Living with credit, New products, Protecting yourself

Free credit freezes are coming – but similar options are already here

Americans will get free, fast credit freezes following last week’s enactment of S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act. Most of the law’s 73 pages soften bank regulations that were designed to prevent another financial crisis…
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Living with credit

To understand interest cost, convert APR to dollars

It’s bad enough that many of us don’t know the annual percentage rate (APR) our credit cards charge. But even when we do know the rate, we are not good at understanding how much the interest will cost. A new…
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Research, regulation, industry reports

Bank whistle-blowers urge strong federal enforcement

Santander worker Quarlondra Coleman told how the bank extended delinquent auto loans again and again, in order to jack up interest and fees on the struggling borrowers. “When they give out the extensions they push the money back out and…
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Protecting yourself, Research, regulation, industry reports

Fine against Well Fargo: Is Mulvaney’s CFPB changing course?

The federal government’s consumer financial watchdog broke a four-month enforcement lull on Friday, but one rain shower does not necessarily end a drought. The U.S. Consumer Financial Protection Bureau brought its first enforcement action against a company since Trump appointee…
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