Protect Yourself From AI Scams Targeting Older Americans Learn how to protect yourself from AI-driven scams. Stay informed and vigilant to combat fraud effectively. Top News · Mar 2, 2024
Why a financial regulator is going after health care debt The Consumer Financial Protection Bureau, created after the Great Recession of 2007-09, has increasingly started policing the health care system. WEKU · Mar 1, 2024
CFPB Report: Credit Card Interest Costs Consumers Billion Extra CFPB report reveals rising credit card interest rates costing consumers billion extra in interest charges, emphasizing the need for managing credit car... Top News · Feb 22, 2024
Regulatory War on Credit Card Fees Targets Compounding Investment Returns Compound interest and the impact of compounding returns are explored in this informative article. It highlights the potential consequences of reducing late... Top News · Feb 14, 2024
Bureaucrats Are Moving To Cap Bank Overdraft Fees, Which Will Hurt the People It's Meant To Help Many who see overdraft protection as preferable to other short-term credit options will have fewer choices as some banks decide the service isn't worth offering anymore. Reason · Feb 8, 2024
Manhattan DA Urges Payment Apps To Improve Security Features Incidents of payment app fraud and theft are on the rise and extend beyond NYC, Manhattan DA says. Kiplinger · Jan 29, 2024
Regulators target fees for consumers who are denied a purchase for insufficient funds It's the latest salvo in the government's campaign against so-called "junk fees," which President Biden said last year harm "working folks" and drive up costs for consumers. WEKU · Jan 25, 2024
Need Help Digging Out of Debt? What You Can Do Beware of ‘debt relief’ services that sound too good to be true. There are other alternatives for helping you get a handle on your debt. Kiplinger · Jan 19, 2024
Bank Overdraft Fees Could Soon Drop Significantly Consumer watchdog agency eyes dropping some overdraft fees to as low as $3, closing a loophole that it calls a 'massive junk fee harvesting machine.' Kiplinger · Jan 17, 2024
What is the Securities and Exchange Commission and what does it do? The Securities and Exchange Commission plays an important role in regulating the American economy by governing financial industries. USAFacts · Jan 17, 2024
White House Proposes Reduction in Bank Overdraft Fees to The White House proposes a reduction in bank overdraft fees to as low as , aiming to alleviate financial burdens on consumers living paycheck to paycheck... Top News · Jan 17, 2024
CFPB Plans to Rein in Overdraft Fees Amid Banking Industry Opposition Discover the intensifying debate over overdraft fees in America as the Consumer Financial Protection Bureau proposes rules to rein them in. Learn more here. Top News · Jan 16, 2024
America’s big banks are hiding behind racial equity to avoid new capital standards–but refuse to disclose the demographics of their small business lending By wrapping their arguments against capital standards under a cloak of racial equity, the banking lobby is preserving the status quo. Fortune · Jan 10, 2024
Tech Giants Reject US Consumer Watchdog's Digital Wallet Oversight Big Tech giants give a cheeky thumbs-down to US consumer watchdog's attempts to regulate digital wallets, raising eyebrows and shaking things up in the pay... Top News · Jan 8, 2024
Fortune · Jan 8, 2024 Missed payments, inaccurate statements, and long delays: The return of monthly federal student loan bills is going as well as everyone expected The past few months have been marked by headache after headache for federal student loan borrowers.
Kiplinger · Dec 21, 2023 CFPB Shuts Down Medical Debt Collection Agency Over Several Violations CFPB shuts down medical collection agency over violations including trying to collect unverified debts.
Ballotpedia · Dec 21, 2023 SCOTUS hears oral argument in constitutional challenge to SEC enforcement proceedings The Checks and Balances Letter delivers news and information from Ballotpedia’s Administrative State Project, including pivotal actions at the federal and state levels related to the separation of powers, due process, and the rule of law.
Kiplinger · Dec 11, 2023 Atlantic Union to Refund Consumers $5M In Overdraft Fees Atlantic Union Bank must refund at least $5 million to people who were illegally enrolled in checking account overdraft programs, the CFPB says.
Kiplinger · Dec 11, 2023 Amazon To Quit PayPal's Venmo in January Amazon.com and Amazon mobile app users won't be able to use Venmo as a payment option starting next month.
Barchart · Dec 11, 2023 Stocks Push Higher on Strength in Chip Stocks What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.07%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.43%. Stocks this morning are modestly higher, with the Dow...
Fortune · Dec 6, 2023 Sen. Robert Menendez, facing bribery charges, stumps bank CEOs by asking how much their firms paid in settlements for allegedly ripping off consumers The indicted senator expressed staunch support for the CFPB, which is under a legal threat of its own.
The Guardian - US · Dec 4, 2023 Why this ex-collections agent wants to forgive US veterans’ medical debt After helping dismiss $10bn for average Americans, Jerry Ashton moves toward a community dear to his heart
Kiplinger · Nov 29, 2023 Bank of America Fined $12M for Reporting False Mortgage Data Bank of America fined over routinely filing false mortgage lending data to the government, the CFPB says.
International Business Times · Nov 28, 2023 Bank of America To Pay $12 Million Fine For Inacurate Mortgage Data The bank failed to accurately reported answers on demographic data that can be used to identify possible discriminatory practices, CFPB said.
Kiplinger · Nov 22, 2023 Toyota Financing Arm Fined $60 Million for Multiple Violations Toyota Motor Credit operated a dead-end cancellation hotline, withheld refunds, and hurt consumers’ credit reports, the CFPB says.