Consumer Fraud: Credit Cards, Weight-Loss Products Play Top Roles

An estimated 10.8 percent of U.S. adults – 25.6 million people – were victims of one or more of frauds in 2011, led by incidents of bogus weight-loss products and prize promotions, and unauthorized billing for a buyers’ club membership or Internet services.

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Got an Issue with a Lender or Credit Bureau? Filing a Complaint is Easier Than Ever

Created from Wall Street reform to prevent lender abuses of the past, the Consumer Financial Protection Bureau today reminded Americans that they can go online, file and track a complaints about credit cards, mortgages, bank accounts and services, student loans, vehicle and other consumer loans, and credit reporting.

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Bankers: Card Reform Raised Rates, Hurt Credit Access for Some

In a comment letter filed Feb. 19 with the Consumer Financial Protection Bureau, the bankers not surprisingly had more negative than positive views on credit card reform, which was aimed at decades of lender abuses, such as unreasonable and sudden penalty fees and interest rate hikes without proper notice.

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