Consumers Can Be Hit With Surprise Charges After Signing Up for Credit Card Interest-Rate Promotions The Consumer Financial Protection Bureau (CFPB) is warned credit card companies against deceptively marketing interest-rate promotions. The Bureau is concerned…
First Investors Fined $2.75 Million for Knowingly Providing Inaccurate Information to Credit Reporting Agencies for Years The Consumer Financial Protection Bureau (CFPB) is taking action against an auto finance company that distorted consumer credit records…
The Consumer Financial Protection Bureau (CFPB) today put an end to a servicemember fee scam run by USA Discounters, Ltd., a company that operates a chain of retail stores near military bases and offers financing…
CFPB Now Accepting Complaints on Virtual Currency Products and Services The Consumer Financial Protection Bureau (CFPB) has issued a consumer advisory warning consumers about the risks of virtual currencies such as Bitcoin. The CFPB advises…
Today’s study confirms that opting in for overdraft coverage for debit card and ATM transactions is an expensive way to manage a checking account. Consumers use their debit cards nearly three times as often as…
Nonbank Products Include Debt Settlement and Credit Repair Services, Pawn and Title Loans The Consumer Financial Protection Bureau (CFPB) is now accepting complaints from consumers encountering problems with prepaid cards, such as gift cards, benefit…
The Consumer Financial Protection Bureau (CFPB) has taken enforcement action against ACE Cash Express, one of the largest payday lenders in the United States, for pushing payday borrowers into a cycle of debt. The CFPB…
The Consumer Financial Protection Bureau (CFPB) is ordering GE Capital Retail Bank (GE Capital), now known as Synchrony Bank, to provide an estimated $225 million in relief to consumers harmed by illegal and discriminatory credit…
From former New London resident Mona V. Markusen I just left the dentist’s office $1500 poorer because of a bridge that was put in less than 4 years ago and cost me $3000 back then!…
Top Debt Collection Complaints Also Include Aggressive Communication Tactics and Threatening Illegal Actions The Consumer Financial Protection Bureau (CFPB) has issued a report on the more than 30,000 consumer complaints it has received about the…
The Consumer Financial Protection Bureau (CFPB) today took action to better protect children in the foster care system from credit reporting problems that could compromise their future credit. The Bureau published action letters for child…
The Consumer Financial Protection Bureau (CFPB) Student Loan Ombudsman has released a report highlighting complaints of “auto-defaults” in private student lending. Borrowers report that some lenders demand immediate full repayment upon the death or bankruptcy…
Research Shows the Majority of Payday Loans Are Made to Borrowers Caught in a Revolving Door of Debt The Consumer Financial Protection Bureau (CFPB) has issued a report on payday lending finding that four out…
Complaint Snapshot Report Shows Military Consumers Not Seeing Protections They Earned The Consumer Financial Protection Bureau (CFPB) \says that servicemembers, veterans, and their families who complained to the Bureau about financial products or services have…
Bureau Report Finds Accuracy Issues Top Credit Report Complaints; Warns on Avoiding Investigations Today the Consumer Financial Protection Bureau (CFPB) called on the nation’s top credit card companies to make credit scores and related content…
ITT Pushed Consumers into High-Cost Student Loans Likely to Fail Today the Consumer Financial Protection Bureau (CFPB) filed a lawsuit against ITT Educational Services, Inc., accusing the for-profit college chain of predatory student lending. The…
Today the Consumer Financial Protection Bureau (CFPB) initiated an administrative proceeding against PHH Corporation and its affiliates (PHH), alleging PHH harmed consumers through a mortgage insurance kickback scheme that started as early as 1995. The…
Today the Consumer Financial Protection Bureau (CFPB) released additional resources for consumers as part of its campaign to educate the public about the new protections provided by the Bureau’s mortgage rules. These new materials include…
The Consumer Financial Protection Bureau (CFPB) is calling on financial institutions to publicly disclose agreements with colleges and universities to market debit, prepaid, and other products to students. Currently, institutions only make these disclosures about…
Harmed African-American and Hispanic Borrowers Will Receive $35 Million in Restitution The Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) have filed a joint complaint against National City Bank for charging higher…