Search Results for 'cfpb'

7 Reasons Why Your Debt Repayment Plan Isn’t Working

Allison Martin on October 24, 2014

Drowning in debt? Here are some mistakes that could be hindering you from eliminating those outstanding balances.

Pop Quiz: Can a Store Force You to Spend $10 to Use a Credit Card?

Maryalene LaPonsie on October 17, 2014

We recently stopped people on the street to test their knowledge of credit cards. Take this quick test to see if you’re up to speed when it comes to that plastic in your pocket or purse.

How Do Credit Report Errors Happen?

Guest Blogger on October 16, 2014

If you have seen wrong information on your credit report — and plenty of people have — you’ve probably wondered how it got there.

Could Student Loans Cost You Your Social Security Benefits?

Guest Blogger on October 15, 2014

Social Security garnishment for student loans isn’t unheard of, but you may be able to reduce the amount taken out of your check.

Does U.S. Bank Owe You Money?

Krystal Steinmetz on September 27, 2014

The Consumer Financial Protection Bureau ordered U.S. Bank to refund consumers $48 million for illegally billing them for services they didn’t fully receive.

Feds Target Suspected Payday Loan Scams

Krystal Steinmetz on September 18, 2014

Two federal agencies have filed suit against two separate online payday lenders for allegedly making unauthorized loans and then withdrawing money from consumers’ bank accounts.

Occupy Wipes Out Nearly $4 Million in Strangers’ Student Loan Debt

Krystal Steinmetz on September 18, 2014

Occupy Wall Street bought and forgave the student loan debt of more than 2,700 Everest College students.

Consumer Watchdog Warns Credit Card Companies About Deceptive Promotions

Krystal Steinmetz on September 8, 2014

The CFPB says consumers can be blindsided by unexpected charges after signing up for a credit card interest-rate promotion.

New FICO Formula Could Raise the Credit Scores of Many

Guest Blogger on April 30, 2020

FICO announced a new credit scoring formula that lessens the negative impact of paid and medical collections accounts.

Overdraft Fees Typically Top the Cost of the Item That Prompted Them

Krystal Steinmetz on August 7, 2014

A CFPB study found that consumers often end up paying the equivalent of 17,000 percent interest when they purchase a small-ticket item and overdraw their account.

Regulators Target Foreclosure Relief Scams

Krystal Steinmetz on August 7, 2014

The Consumer Financial Protection Bureau has partnered with the FTC to protect distressed homeowners from fraudulent loan modification companies.

Cheated Soldiers Will Get $92M in Debt Relief, Feds Say

Krystal Steinmetz on August 2, 2014

Rome Finance’s predatory lending scheme affected 17,800 soldiers, the Consumer Financial Protection Bureau said.

9 Secrets Your Debt Collector Doesn’t Want You to Know

Allison Martin on August 1, 2014

Debt collectors have their tricks of the trade to convince people they need to pay up big, right now.

Inheriting Real Estate? New Rules Protect You

Marilyn Lewis on July 15, 2014

New mortgage rules this year inadvertently created a big problem for those who inherit a home and a mortgage. Now that’s been fixed.

New Reverse Mortgage Rules Protect Widow(er)s From Eviction

Marilyn Lewis on July 22, 2014

The rules for buying the most common reverse mortgages are changing to protect borrowers. That’s a mixed blessing, though, and not everyone’s covered.

GE Capital to Give Back $225 Million to Customers

Krystal Steinmetz on June 23, 2014

The settlement with the Consumer Financial Protection Bureau is over discrimination against Hispanic customers and practices used to sell credit card add-ons.

Are You Trading in Your Constitutional Rights for a Loan?

Guest Blogger on June 10, 2014

Should it be OK to waive your right to sue your lender for wrongdoing? The CFPB is considering next steps for arbitration agreements in the fine print.

Consumer Watchdog Says Medical Bills Unfairly Sink Credit Scores

Krystal Steinmetz on May 21, 2014

The Consumer Financial Protection Bureau says medical debt should be treated differently than other debt when calculating credit scores.

Interest Rates Expected to Spike on Student Loans

Krystal Steinmetz on May 5, 2014

Federal student loan rates are expected to jump alongside the Treasury 10-year note.

Have a Private Student Loan? Read This

Guest Blogger on May 1, 2014

Private student loans can go into auto-default if a co-signer dies or goes into bankruptcy. The Consumer Financial Protection Bureau is trying to help borrowers know what their options are.