Unforeseen Debt in Credit Reports is Top Consumer Complaint
In the agency’s latest update on most common complaints, the U.S. Consumer Financial Protect Bureau said that “credit or consumer
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CFPB
Trump's Dodd-Frank Review: These Consumer Protections are At Stake
Are businesses, including lenders, hurting from financial regulations and consumer protections under the Dodd-Frank legislation enacted by Democrats in 2010?
Read moreNavient, Largest U.S. Student-Loan Servicer, 'Failed' Borrowers Seeking Repayment Relief, Says CFPB
The nation’s largest servicer of both federal and private student loans allegedly failed borrowers “systematically and illegally,” according to a
Read moreU.S. Consumer Watchdog: Reverse Mortgage Firms Made 'Deceptive' Claims
The CFPB fined the three companies almost $800,000 in total in fines for making false promises to potential borrowers, which included claims that they could never lose their homes.
Read moreCFPB, AmEx Project Spotlights Prepaid-Card Savings Incentives
Offering a small incentive to prepaid card users to put some of their money into a savings “wallet” doubled uptake of the wallet.
Read moreRegulator Reinforces Rules Against Illegal 'Auto Debits' from Consumer Accounts
The U.S. Consumer Financial Protection Bureau says that Americans often fall victim to unauthorized auto debits.
Read moreU.S. Regulator Looking at RushCard's 'Troubling Issue' of Frozen Customer Funds
Nearly two weeks after Russell Simmons’ RushCard fiasco came to light, the U.S. Consumer Financial Protection Bureau says it is investigating the freezing of financial accounts that left customers without access to their funds.
Read moreConsumer Complaints Targeting Credit Reporting Agencies are Rising Sharply
The CFPB saw a 56 percent increase in the number of credit reporting complaints submitted by consumers between June 2015 (4,289 complaints) — and July 2015 (6,969 complaints).
Read moreCiti to Refund $700 Million to Credit Card Customers for 'Unfair, Deceptive' Practices
About 7 million consumer accounts were affected by Citibank’s “deceptive” marketing, billing, and administration of debt protection and credit monitoring add-on products, the Bureau said.
Read moreEquifax, Experian and Bank of America Top Most-Complained-About List
Issues with debt collectors, mortgage servicers and credit reporting agencies made up the top three categories in the U.S. Consumer
Read moreHonda Finance to Pay $24M in Restitution to Minority Borrowers. Here's Why.
Past practices by Honda Finance resulted in thousands of African-American, Hispanic, and Asian and Pacific Islander borrowers paying higher interest rates than white borrowers for their auto loans, according to U.S. authorities.
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