Agency’s Tally of Credit Card, Mortgage Complaints: 13,210
The Consumer Financial Protection Bureau received 13,210 complaints from credit card and mortgage holders between July 21, 2011, when the agency was launched, and Dec. 31.
The agency’s consumer response team began ...
New Consumer Agency, FTC Agree to Coordinate Efforts
The venerable Federal Trade Commission had been working to protect consumers from unfair business practices for 96 years when Wall Street reform in 2010 created the Consumer Financial Protection Bureau to expand ...
Used Car Prices Forecast to Jump Again in 2012: NADA
A still rising demand for used cars and truck, along with a decline in their supply, will result in higher prices in 2012, according to the National Automobile Dealers Association (NADA) Used Car Guide.
The Used ...
Job Growth Surging – So is Fed’s Near-Zero Rate Justified?
The unemployment rate declined by 0.2 percentage point in January to 8.3 percent, the lowest level since February 2009 – the rate has fallen by 0.8 point since August.
Total nonfarm payrolls rose by 243,000 in ...
Treasury Plan Aims for Broader 401(k) Retiree Options
A proposal announced today by the Treasury Department would modify regulations to make it easier for retirees to choose to receive their 401(k) savings as a stream of income in regular payments – as in annuities ...
‘Cash-in’ Refinancing to Lower Mortgage Debt at 26-Year High
The vast majority of refinancing homeowners maintained or reduced their mortgage debt in the fourth quarter, while those paying-in additional money to reduce principal is at a 26-year high, according to an analysis ...
IRS, Justice Crack Down on Refund Fraud, Identity Theft
Federal officials are cracking down on identity theft and tax refund fraud, rounding up 105 people in 23 states – in all, 69 indictments with 939 criminal charges.
The Internal Revenue Service and the Justice ...
FTC: Big Debt Buyer to Pay $2.5M for Misleading Consumers
A top consumer debt buyer will pay a $2.5 million civil penalty to settle charges with the Federal Trade Commission that it misrepresented debt owed by consumers and failed to uphold their rights.
The financial ...
IRS: Don’t Forget Your Earned Income Tax Credit (EITC)
The Internal Revenue Service has launched its annual outreach campaign to educate those millions of American who earned $49,078 or less in 2011 and can qualify for the Earned Income Tax Credit (EITC).
The campaign ...
Airlines Must Now Reveal Taxes, Fees in Quoted Fares
Advertised airfares by airlines and travel agents – in print, on television and online – must include all mandatory taxes and fees, including baggage fees, under new U.S. rules taking effect today to help consumers ...
