In a move that could create further tension with banks but generate popularity with consumers wanting to vent, the Consumer Financial Protection Bureau is proposing publishing more information on consumer complaints against banks. In particular, the CFPB wants to give customers the ability to publicly publish narratives of their experiences with a financial company. It
It is important to have a general idea as to how much your significant other has saved to determine your financial stability.
Issues with closing or managing a bank account made up the bulk of complaints.
CFPB alleges an online lender engaged in abusive and deceptive lending practices.
Consumer advocacy groups ask federal regulators to step up bank scrutiny.
U.S. court stops fake payday loan collectors operating in Cleveland, Atlanta.
Banks can report suspected elder financial abuse to proper authorities without fear of violating federal privacy notification and opt-out rules, federal agencies say.
The FDIC offers tips for seniors to manage their finances and protect against fraud.
JP Morgan Chase is changing bank policies to try to help protect customers from payday lenders’ aggressive practices.
The Better Business Bureau of the Mid-South, or BBB, is warning consumers about a magazine subscription service that allegedly debited consumers’ bank accounts without their permission, supposedly after mailing out notices about automatic renewals of magazine subscriptions. The company, Global Subscription Services, has an F rating with the BBB and operates with a Memphis, Tenn.,