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CFPB

Prepaid Card or Pawn Complaint? The CFPB Is Ready to Help

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Since it began accepting consumer complaints in July 2011, the Consumer Financial Protection Bureau (CFPB) has helped hundreds of thousands of consumers resolve issues with loans, bank accounts, and other financial products. Now, it’s ready to help consumers with prepaid cards and non-bank financial products, such as pawn and car title loans, and credit repair Continue Reading

Posted by Christina Tetreault in Debt Relief, Prepaid Cards, Uncategorized | No Comments »

New Animated Video Series Helps Consumers Facing Debt Collection Lawsuits

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By Guest Blogger Marc Priester The debt collection industry has come under fire in recent years for using strong-arm tactics to get people to pay debts – whether they actually owe them or not.  Sometimes it’s the excessive phone calls and illegal threats.  In other cases, debt collectors use the court system to ratchet up the pressure. Last Continue Reading

Posted by Maureen Mahoney in Credit, Debt Collection | No Comments »

Tackling Mortgage Problems: CFPB on Your Side

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Although foreclosures in the United States are down, many consumers seeking relief still have serious problems with their mortgage lenders and loan servicers. If you are a struggling homeowner and can’t get help from your bank or loan servicer, get the CFPB on your side.  The consumer protection agency, which celebrates it anniversary this week, is actively Continue Reading

Posted by Norma Garcia in CFPB, Credit, Mortgages | No Comments »

CFPB Helps Consumer Successfully Resolve Credit Card Debt He Didn’t Owe

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Spanish-language assistance helps veteran with years-long problem in 30 days Higinio, a resident of Trujillo Alto, Puerto Rico, served in the American military for more than three decades. For years, Higinio got letters saying he owed a credit card debt which he had paid off. He said, “I felt powerless trying to solve this problem Continue Reading

Posted by Christina Tetreault in Uncategorized | No Comments »

Let the Consumer Financial Protection Bureau Continue To Do Its Job

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(Cross-posted from Consumer Reports Online in an article by Stephen Saltzman) On July 21, the Consumer Financial Protection Bureau will mark its fourth anniversary. The consumer financial watchdog, created by Congress in the wake of the financial crisis caused by shady mortgage lenders and Wall Street abuses, has done a lot for consumers in just Continue Reading

Posted by Defend Your Dollars in CFPB, Credit Cards, Credit Reports, Debt Collection, Debt Relief, Gift Cards, Mortgages, Payday Loans, Payments, Payroll Cards, Prepaid Cards, Student Loans | No Comments »

CFPB: Fixing Consumers’ Toughest Credit Reporting Issues

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When you find an incorrect item on your credit report, it’s not always easy to get it fixed. Fortunately, consumers have an advocate working hard on their side. For the past three years, the Consumer Financial Protection Bureau (CFPB) has been there to help consumers resolve their problems with financial services providers – from credit Continue Reading

Posted by Maureen Mahoney in CFPB, Credit Reports, Debt Collection | No Comments »

CFPB Consumer Stories: Repaying Student Debt

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It’s the Consumer Financial Protection Bureau (CFPB)’s birthday this week – and they sure have been busy lately! As part of its mission to educate consumers about their rights, the CFPB has created some impressive and easy-to-use resources for consumers on a lot of money topics. When it comes to student loans, all too many Continue Reading

Posted by Suzanne Martindale in CFPB, Credit, Student Loans | No Comments »

CFPB Fights Elder Abuse & Senior Scams

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Elder financial abuse is an under-the-radar problem, but one that can have enormous consequences for seniors and their families. According to the Consumer Financial Protection Bureau (CFPB), close to five percent of Americans over 60 were found to suffer from elder financial abuse by a member of their family in one year alone. Financial abuse Continue Reading

Posted by Maureen Mahoney in CFPB | No Comments »

FICO Expands its Free Credit Score Program to More Consumers

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Looks like consumer demand for more access to free credit scores is catching on: last month, Sallie Mae announced that it was joining FICO’s Open Access program, meaning that it will provide a free credit score each quarter to borrowers who take out “Smart Option” private student loans in the 2014-15 school year. According to Continue Reading

Posted by Maureen Mahoney in CFPB, Credit, Credit Reports | No Comments »

Watch-out for Student Loan “Help” That Does More Harm Than Good

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Illinois’ AG goes after companies trying to spring the debt settlement trap on student loan borrowers Student loan debt settlement companies’ advertisements say things like, “Your entire student loan can be forgiven” and “Stop wage garnishment.” But according to lawsuits filed today by the Illinois Attorney General, two companies making those claims aren’t helping consumers. Continue Reading

Posted by Christina Tetreault in Credit, Credit Cards, Debt Relief, Mortgages, Student Loans | No Comments »