Consumer Bureau Eyes Impact of Checking Overdraft Practices
The Consumer Financial Protection Bureau has initiated a review of checking account overdraft programs – and seeks public input – to determine their impact on banking customers.
The CFPB said its inquiry launched ...
FTC Seeks Input on Dealer-Arranged Vehicle Financing
Dealer-arranged financing to purchase cars, SUVs and light trucks can be a “complicated, opaque process” and could potentially involve unfair or deceptive practices, according to the Federal Trade Commission.
So ...
India-to-U.S. Fake Debt Collection Scheme Took $5M: FTC
A U.S. district court has halted an operation that the FTC alleges collected payday loan “debts” consumers did not owe in a scheme that took in more than $5 million since January 2010.
Consumers received millions ...
I.D. Theft Ordeal: She had IRS Refund Stolen Twice
Debra Tyler had her identity stolen, leading to the theft of her tax refund check – twice.
It happened the second time even after she thought she had straightened everything out with the Internal Revenue Service.
She ...
Consumer Group: Demand Scores with Your Free Credit Reports
For nearly a decade, consumers have had the right to a free copy of their credit report from the three primary credit bureaus – and they earned it by demanding that right from members of Congress, who were deluged ...
IRS: I.D. Theft, Phishing & Preparer Fraud Top ‘Dirty Dozen’ Scams
Refund schemes involving identity theft, phishing emails and prepare fraud top the Internal Revenue Service’s annual list of the “Dirty Dozen” tax scams as the filing deadline approaches.
The IRS said it has ...
FTC: Mobile Apps for Children Lack Info on Data Collected
The Federal Trade Commission today issued a report warning parents that mobile applications for children and the app developers do not provide the critical information they need, such as what data is being collected ...
CFPB Seeks First-Time Oversight of Debt Collectors, Credit Bureaus
The seven-month-old U.S. Consumer Financial Protection Bureau wants to oversee debit collectors and credit bureaus as part of its nonbank authority, making it the first time those two industries would fall under ...
FCC: New Rules Require ‘Robocallers’ to Get Prior Consent
The Federal Communications Commission approved changes today to its telemarketing rules to protect consumers from unwanted auto-dialed or pre-recorded calls – known as “robocalls” – and unsolicited ...
Deadline to Seek Foreclosure Review Extended to July 31
Those seeking a review of foreclosure actions on their homes in 2009 and 2010 have received a 90-day extension on requesting the so-called Independent Foreclosure Review ordered by bank regulators.
The new deadline ...




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