Wells Fargo’s yearslong mistreatment of its customers has resulted in another record-breaking fine and a warning that more restrictions on its ability to do business could soon follow.On Tuesday, the […]
Consumer Financial Protection Bureau
Trending topics and news from the Consumer Financial Protection Bureau category
Back to news homeCFPB signals that regulation is coming for BNPL
In a shot across the bow to the buy now, pay later (BNPL) industry, the U.S. Consumer Financial Protection Bureau (CFPB) today issued a report suggesting that companies like Klarna […]
Beware of Scammers Trying to Capitalize on Student Loan Forgiveness
Shady callers are acting quickly on President Biden’s announcement last week to cancel up to $20,000 in federal student debt for millions of borrowers. As Americans await more details about […]
When Customers Say Their Money Was Stolen on Zelle, Banks Often Refuse to Pay
Argelys Oriach was on his way home from a shopping trip one evening in March when he was robbed at gunpoint. The thief demanded his iPhone and passcode. Mr. Oriach […]
Fraud as a service: Scammers are using encrypted messaging to undercut BNPL revenue
Brittany Allen Contributor As Sift’s Trust and Safety Architect, Brittany Allen has more than a decade of experience combating e-commerce marketplace fraud at companies such as Etsy, Airbnb, 1stDibs and […]
Fraud Is Flourishing on Zelle. The Banks Say It’s Not Their Problem.
Another Wells Fargo customer, Julia Gibson, lost $2,500 to a similar scam in October. After she reported the fraud to the bank, it gave her a provisional credit for the […]
Navient Reaches $1.85 Billion Deal Over Predatory Lending Claims
Ms. Hardin enrolled in the Brooks Institute of Photography, one of the schools covered by the settlement, in 2006. After nearly a decade of payments, which included a period of […]
La pandemia afectó tu economía. Esto debes hacer
Es bien sabido que los informes de las agencias contienen una buena cantidad de errores. Si encuentras algunos, haz el reclamo. Para empezar, contacta tanto a las agencias de información […]
$10 Billion in Student Loan Debt Erased Under Biden, but Calls Grow for More
Finally, on Tuesday, an email arrived saying she had receive a 100 percent discharge.“I cried,” said Ms. King, who hopes she can now afford computer classes at her local community […]
Always Pay the Rent? It May Help Your Mortgage Application.
“While credit history is a key element in evaluating a borrower’s ability to make a mortgage payment, building credit in the United States is not an equitable endeavor,” said Hugh […]