Search Results for 'cfpb'

PayPal Accused of Deceptive Ads, Abusive Charges, Illegal Billing

Krystal Steinmetz on May 20, 2015

The Consumer Financial Protection Bureau wants PayPal to refund consumers $15 million and pay a $10 million fine for an array of bad practices.

Verizon and Sprint to Pay $158M to Settle Cramming Charges

Krystal Steinmetz on May 13, 2015

The wireless carriers allegedly stuck customers with millions in unauthorized charges. If you think you were a victim, here’s how to submit a claim.

Credit: The Good, the Bad and (Also Bad) the Invisible

Krystal Steinmetz on May 8, 2015

Some 26 million Americans lack a credit file, which has an impact that goes beyond difficulty accessing loans. Here’s the problem.

Mortgage Servicer Must Pony Up Millions for Bad Behavior

Krystal Steinmetz on April 28, 2015

The government says this company “harassed and threatened” borrowers who were struggling to save their homes.

For-Profit College Chain Shutters Operations

Krystal Steinmetz on April 28, 2015

Here’s what led to the abrupt closure of the schools, and the displacement of more than 16,000 students.

Some College Students Pay More for Bank Fees Than Books

Bob Sullivan on April 3, 2015

College-branded debit cards are hitting students with high fees — and payment often comes out of financial aid, advocacy group says.

Feds Go After Mortgage Firms for Deceptive Ads, Targeting Elderly

Krystal Steinmetz on February 17, 2015

The Consumer Financial Protection Bureau says these lenders were falsely suggesting a government affiliation in pursuit of reverse mortgage customers.

Loan Servicer to Forgive $480 Million in High-Cost Student Debt

Krystal Steinmetz on February 4, 2015

Corinthian College students were lured into predatory loans and “destined to default,” government agency says.

5 Sly Ways Banks Push Your Account Into the Red

Maryalene LaPonsie on February 2, 2015

Banks earn billions from overdrafts — here’s how. And here are five ways to protect yourself.

In ‘Warning’ to Mortgage Market, Government Slaps Two Big Banks With $35.7 Million in Penalties

Krystal Steinmetz on January 23, 2015

The Consumer Financial Protection Bureau says JPMorgan Chase and Wells Fargo loan officers illegally engaged in kickback scheme with a title company.

New Scorecard Will Rate Student Debit Cards

Guest Blogger on January 19, 2015

More colleges are turning to student debit cards to disburse financial aid, and some of those cards are laden with fees, the Consumer Financial Protection Bureau says.

Half of Homebuyers Don’t Shop for the Best Mortgage, and It Costs Them Plenty

Krystal Steinmetz on January 14, 2015

The CFPB says nearly half of U.S. homebuyers don’t shop around to find the best mortgage loan and seriously consider only one lender. To address the problem, it’s unveiled a new website.

The Big Scams and Security Threats to Watch Out for in 2015

Guest Blogger on January 6, 2015

Scammers will take advantage of new technologies to try to steal our identities and our money.

8 Benefits of Prepaid Debit Cards

Allison Martin on December 30, 2014

Prepaid debit cards have been criticized for having excessive fees, but that doesn’t mean that some aren’t worth considering. Here’s why.

Federal Watchdog says Sprint Allowed Millions in Unauthorized Charges on Consumers’ Bills

Krystal Steinmetz on January 29, 2015

The Consumer Financial Protection Bureau has filed suit against the country’s third-largest wireless carrier for alleged phone bill cramming.

Federal Watchdog Goes After Student Debt Relief Scams

Krystal Steinmetz on December 12, 2014

The Consumer Financial Protection Bureau has accused two firms of tricking struggling student loan borrowers into paying high fees to receive help they can get on their own for free.

5 Types of Consumer Reports You Don’t Know About

Maryalene LaPonsie on December 4, 2014

You know about your credit reports, but do you know who else has a file on you?

4 Student Loan Debt Collection Tricks

Guest Blogger on December 1, 2014

The anti-borrower behavior of some private companies used by the federal government to service and collect student loans has been exposed.

Consumer Bureau Proposes New Protections for Users of Prepaid Cards

Krystal Steinmetz on November 14, 2014

The Consumer Financial Protection Bureau wants prepaid card users to have financial protections similar to those enjoyed by consumers who have bank accounts and credit cards.

Obama Makes Government Credit Cards Safer

Krystal Steinmetz on October 20, 2014

Multiple data breaches lead to improved security measures for federally issued cards.