New CFPB Director Rohit Chopra pledges to protect Americans from financial fraud
October 14, 2021
Credit reporting, student loan debt and payday loans among chief consumer concerns
Breaking News
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Federal Trade Commission
Momentum builds in State Capitols and in DC to rein in predatory payday lending
March 18, 2021
At the federal level, lawmakers are expected to re-introduce a payday lending bill that would give both consumers and military veterans the same 36% rate protection as the Military Lending Act (MLA). Named the Veterans and Consumers Fair Credit Act, the measure is hoped to secure the same broad and bipartisan support that MLA received.
Debt Collectors Target Consumers of Color, People Making Less Than $50K
September 26, 2019
Conducted by Lake Research Partners and Chesapeake Beach Consulting, the poll was jointly commissioned by the Americans for Financial Reform (AFR) and the Center for Responsible Lending (CRL). The results, released on September 11, found stark opposition by consumers to regulatory reforms announced by the CFPB. Consumers are strongly united in wanting more and better protection in this area of financial regulation.
Were You Affected by The Equifax Hack? Here’s How to File a Claim for Compensation
August 8, 2019
It has been nearly two years since Equifax announced that a historically massive data breach left the personal information over 147 million people (almost half of all Americans) vulnerable to theft. The consumer credit reporting giant agreed last month to a $700 million settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau, and 50 states and territories, $425 million of which has been set aside to compensate victims of the breach.
FDA warns of fake gov’t warning letters sent to consumers
July 19, 2018
The Food and Drug Administration said Friday that the fake letters may be part of an extortion scam
Government Agency Hits Wells Fargo with $500 Million Penalty
May 17, 2018
The press release said that, “The OCC took these actions given the severity of the deficiencies and violations of law, the financial harm to consumers, and the bank’s failure to correct the deficiencies and violations in a timely manner.”
Free September AARP’s Fraud Watch Network Scams and Financial Column
September 25, 2017
Make your password difficult to guess, avoiding a sequential string like 1-2-3-4. Use a mix of numbers and letters if your smartphone allows it.