CFPB Releases Report Detailing Problems in Credit Reporting Industry

The Consumer Financial Protection Bureau (CFPB) has released a special report that details the problems in the credit reporting industry that the CFPB has uncovered and corrected through oversight work and outlines actions the CFPB has taken to address these problems such as fixing data accuracy at credit reporting companies,

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Business Opportunity Scheme Operators Banned from Telemarketing and Selling Investment Opportunities; Will Return Millions to Consumers

The operators of a telemarketing scheme charged with bilking millions of dollars from consumers, many of whom are seniors or military veterans on fixed income, will pay approximately $7.5 million in consumer redress under a settlement with the Federal Trade Commission. The stipulated final order also prohibits the defendants –

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BBB Policy Change

The Better Business Bureau is changing their Type of Business policy on Credit Repair Companies. To get a No Advance Fees determination one must have a policy to NOT charge any fees up front. RATING ELEMENTS BBB ratings are based on information in BBB files with respect to the following

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CFPB Report Provides Further Insight Into Forthcoming Debt Collection Regulations

The Consumer Financial Protection Bureau (“CFPB”) recently released a report detailing the results of a first-of-its-kind survey on consumer experiences with debt and debt collection. The CFPB conducted the survey in connection with its ongoing effort to promulgate the first-ever federal debt collection regulations. The agency sent the survey to

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