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CFPB Working for You: Student Loan Help for Volunteers

Do you dream of serving your country as a Peace Corps volunteer, but are worried that you won’t be able to pay back your student loans? The Consumer Financial Protection Bureau (CFPB) is here to help. About a quarter of American workers are involved in public service. Many of them have joined the military, volunteered Continue Reading

Categories: CFPB, Student Loans
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CFPB Working for You: Safeguarding Soldiers from Financial Harm

Members of the armed forces face major obstacles in keeping their finances in order. Many soldiers are stationed abroad and rely on family members to keep track of their money. Others living on military bases in the United States are often the targets of predatory lenders pushing pricey loans. Cammie of Columbus, Ohio became the Continue Reading

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CFPB Working for You: Promoting On-the-Job Financial Education

Many companies have smoking cessation or weight loss programs to improve their employees’ health. Now, a new report from the Consumer Financial Protection Bureau (CFPB) is calling for businesses to take a new step – to help improve their employees’ financial wellness. According to the CFPB, many Americans are so worried about money that it’s Continue Reading

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CFPB Working for You: Helping Young People Make Smart Financial Decisions

It’s back to school time, and parents and kids are gearing up for a new year. But while kids may be getting great instruction in math, science, and writing at school, they don’t usually learn basic skills like how to manage a checking account or credit card. As the Consumer Financial Protection Bureau (CFPB) points Continue Reading

Categories: Banking, CFPB
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CFPB Targets Auto Lender for False Credit Reports

An estimated one out of every five Americans has a mistake on one of their credit reports, which have sadly become an all-too-frequent occurrence for consumers. But the Consumer Financial Protection Bureau (CFPB) is working to change that: it’s rebuking an auto lender for reporting faulty information to the credit bureaus for years. On Wednesday, the Continue Reading

Categories: CFPB, Credit, Credit Reports
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CFPB Working for You: New Report Shows How Overdraft Fees are like a 17000% APR Loan

Consumers have made it clear: they’re fed up with overdraft fees. Unreasonable and high overdraft fees can be disastrous for consumers like James of Aliquippa, PA, who wrote to us: “[M]y bank has charged me in overdraft fees roughly $5,122.00 over the last 24 months . . .These are strictly overdraft fees charged by the Continue Reading

Categories: Banking, CFPB
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CFPB Working For You: Empowering Low-Income Consumers

It’s not unusual to feel bewildered when faced with complicated banking fee policies or pages of fine print when you’re trying to get a loan. Many consumers worry that they don’t have enough financial savvy to reach their goals. We’ve heard from frustrated consumers like Yolia of Washington, DC, who told us that money concerns Continue Reading

Categories: Banking, CFPB
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Some Californians’ Prepaid Cards Getting New Legal Protections

Is it a sign of good things to come from the CFPB? Some California consumers receiving child support deposited to prepaid cards are getting new protections thanks to a bill recently signed by California Governor Jerry Brown. For some consumers, a California state agency collects child support then directs it to the recipient’s account. AB Continue Reading

Categories: Government Issued Cards, Payments, Prepaid Cards, Uncategorized
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CFPB Defends Troops Against Predatory Lenders

More proof that the CFPB is standing up for consumers: the CFPB has permanently stopped a lender that has been preying on soldiers and trying to evade regulators for years. The CFPB, along with 13 state attorneys general, took action against Colfax Capital Corporation and Culver Capital LLC, together called “Rome Finance,” for tricking servicemembers and other consumers Continue Reading

Categories: CFPB, Credit
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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

Categories: Debt Relief, Prepaid Cards, Uncategorized
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