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The CFPB wins a battle for military members

The Consumer Financial Protection Bureau and two states reach a $2.5 million settlement over illegal debt collections

CFPB Sues Sprint Over 'Cramming' That Cost Customers Millions

The U.S. Consumer Financial Protection Bureau has filed a lawsuit against Sprint, alleging the company illegally billed wireless customers for millions of dollars in unauthorized charges through a practice known as "cramming." The lawsuit is the third such action the government has taken to combat "cramming" charges on cellphone bills......

CFPB: Retailer Allegedly Using Illegal Debt Collection Practices Against Servicemembers Must Refund $2.5M

The Consumer Financial Protection Bureau continues its fight against companies that continuously take advantage of members of the military, despite protections afforded to them under federal laws. Regulators’ latest victory? A settlement...Show More Summary

Sprint Is Sued Over Cellphone Bill ‘Cramming’

The Consumer Financial Protection Bureau filed a suit in federal court on Wednesday, saying millions of dollars in unauthorized charges were put on consumers’ bills.

Feds sue Sprint over "cramming" allegations

The Consumer Financial Protection Bureau says Sprint allowed third parties to add unauthorized charges to customers' bills

The feds are suing Sprint for charging Americans ‘hundreds of millions’ in bogus fees

The Consumer Financial Protection Bureau is suing Sprint, the country's third-largest wireless carrier, for taking hundreds of millions of dollars from its customers without their knowledge. Sprint allowed third parties to add fees to...Show More Summary

The feds are suing Sprint for charging Americans ‘hundreds of millions’ in bogus fees

The Consumer Financial Protection Bureau is suing Sprint, the country's third-largest wireless carrier, for taking hundreds of millions of dollars from its customers without their knowledge. Sprint allowed third parties to add fees to...Show More Summary

Trade Group: CFPB Non-Bank Oversight Threshold ‘Too Low’

A trade group representing lenders is finding the Consumer Financial Protection Bureau’s proposal to regulate non-bank auto lenders too much to bear. According to Automotive News, the American Financial Services Association says “the...Show More Summary

Nearly 43 Million Americans Have Unpaid Medical Bills

Richard Drew/AP By OSH BOAK WASHINGTON -- Nearly 20 percent of U.S. consumers -- 42.9 million people -- have unpaid medical debts, according to a new report by the Consumer Financial Protection Bureau. The findings suggest that manyShow More Summary

CFPB Issues Proposed Rules for Prepaid Products

On November 13, 2014, the Consumer Financial Protection Bureau (“CFPB”) proposed new rules for prepaid accounts, to be effectuated through amendments to the regulations implementing the Electronic Fund Transfer Act and the Truth in Lending Act (Regulation E and Regulation Z, respectively). Show More Summary

Buy Here, Pay Here Dealership Fined $8 Million For Harassment

3 weeks agoVehicles / Cars : Jalopnik

This may come as a shocker to all of you, but "buy here, pay here" dealerships sometimes engage in predatory and illegal practices. The Consumer Financial Protection Bureau has fined the nations largest "buy here, pay here" dealership group for allegedly harassing customers. Read more...

Report: Agency crafted by Elizabeth Warren suffering low morale, distrust

The latest internal survey of the Consumer Financial Protection Bureau's workforce shows shockingly low employee morale and distrust of the agency's leadership, the Washington Times reports. The CFPB is the government's newest agency, which was established due to the advocacy of consumer protection advocate Sen. Show More Summary

This Week In Credit Card News: New Protections For Prepaid Cards, How Thieves Steal Gas

New Consumer Protections for Prepaid Cards The Consumer Financial Protection Bureau is extending many of the financial protections of bank accounts to prepaid cards. New rules proposed Thursday by the federal regulator would require that prepaid card users be protected against fraudulent charges and provided with free monthly billing statements. Show More Summary

CFPB Orders ‘Buy-Here, Pay-Here’ Auto Dealer DriveTime To Pay $8M Penalty For Unfair Debt Collection Practices

For the first time in its existence the Consumer Financial Protection Bureau took action against a so-called “buy-here, pay-here” vehicle dealer, ordering the company to pay $8 million and fix its egregious ways. The CFPB announced today...Show More Summary

CFPB proposes new safeguards for prepaid cards

The Consumer Financial Protection Bureau wants prepaid card users to have the same protections folks get when they bank

The New Rules for Your Prepaid Cards

Americans are starting to use "reloadable" cards instead of checking accounts, and the Consumer Financial Protection Bureau is taking notice.

Consumer Reports Ranks the Best and Worst Prepaid Cards

Getty Images Once known for a wide array of fees, the market for prepaid cards is changing as more companies dive in and the playing field evolves. On Wednesday, a day ahead of a Consumer Financial Protection Bureau hearing on new rules...Show More Summary

Treasury Dept. Urges Student Loan Servicers To Do A Better Job, Try Incentives

Hot of the heels of a report from the Consumer Financial Protection Bureau detailing how loan servicers trick consumers into paying more, top officials with the Department of Treasury implored the industry to fix their often nefarious...Show More Summary

Unscrupulous Debt Collectors Are Seniors Top Financial Peeve

Image Source/Getty Images When it comes to financial shenanigans, the top targets of senior citizens' complaints in this country are debt collectors, the Consumer Financial Protection Bureau reported Wednesday. Seniors commonly report...Show More Summary

CFPB Finds Older Consumers Face Illegal, Harassing Tactics From Debt Collectors

As if we hadn’t said it enough, but debt collectors are the worst, especially when they use illegal tactics to pry money from older American’s living on fixed incomes. A new report from the Consumer Financial Protection Bureau shines light on the issues older consumers face when it comes to their financial well-being. According to the report [PDF… [More]

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