The Consumer Financial Protection Bureau again has raised concerns about overdraft protections at banks, today releasing a report that says small debit card purchases lead to expensive overdraft fees. “Today’s report shows that consumers who opt in to overdraft coverage put themselves at serious risk when they use their debit card,” CFPB Director Richard Cordray
The CFPB wants to hear consumers’ complaints about prepaid cards and other nonbank products
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
The Consumer Financial Protection Bureau is suing a Georgia-based firm for allegedly churning out debt collection law suits.
Agency says ACE Cash Express pressured borrowers into taking out loans they couldn’t afford.
The order represents the largest federal credit card discrimination settlement in history.
An increasing number of Americans are using smartphones to handle money in one way or another, and the Consumer Financial Protection Bureau is on it.
Some nonbanks have “systemic flaws” in how they treat consumers, the CFPB says.
An unpaid medical bill from a hospital stay could be disproportionately affecting your credit score.
The Consumer Financial Protection Bureau has proposed a rule that would allow financial firms to post annual privacy notices online … if they limit their data-sharing.