What we’re learning: Medical debt’s impact on Alaska Native communities
There is a disproportionate impact of medical debt on American Indian and Alaska Native consumers, in Alaska and across the United States.
What Buy Now, Pay Later lenders are doing to be upfront with borrowers
The CFPB has received feedback on its BNPL interpretive rule and will now provide more clarity and guidance on company compliance and the benefits to consumers.
Recover financially from floods, and take steps for the rest of the storm season
Tropical Storm Debby caused heavy flooding all over the eastern part of the country. We have tips to help you get back on your feet financially and prepare for an active storm season.
Credit card delinquencies are higher than in 2019 because lenders took on more risk
Credit card delinquencies increased rapidly since 2021 and are higher than in 2019. We show this increase is explained by lenders effectively loosening lending standards.
Junk fees that harm competition
The CFPB filed an amicus brief to help ensure that mortgage servicers acting as debt collectors don’t improperly charge fees that prevent consumers from shopping around.
Director’s Notebook: What We’re Hearing: Financial Challenges Along the Gulf Coast
Blog detailing challenges facing consumers in Texas, Alabama, and Louisiana.
CFPB to distribute over $8 million to consumers harmed by All American Check Cashing, Inc.
The CFPB took action against the check cashing and payday loan company All American and its owner, Michael Gray, for failing to disclose the cost of cashing a check, using deceptive tactics to prevent consumers from canceling or refunding a transaction, and making deceptive statements about the benefits of itsContinue Reading
CFPB Distribuirá más de $8 Millones a Consumidores Perjudicados por All American Check Cashing, Inc.
La CFPB actuó contra la compañía All American y contra su dueño, Michel Gray, por no divulgar el costo de cobrar un cheque, usar tácticas engañosas para evitar que consumidores cancelaran o pidieran reembolso de transacciones y mentir acerca de los beneficios de los costosos préstamos del día de pago.
CFPB distribuye más de $53 millones a consumidores afectados por BrightSpeed Solutions
Consumidores afectados por BrightSpeed Solutions y su fundador Kevin Howard, recibirán reembolsos por correo. La compañía facilitó el engaño a consumidores.
CFPB to distribute more than $53 million to consumers harmed by BrightSpeed Solutions
In July, 122,507 consumers harmed by BrightSpeed Solutions and its founder, Kevin Howard, will begin receiving refund checks in the mail. CFPB sued the privately-owned, third-party payment processor for knowingly facilitating payments for companies that tricked consumers into expensive and unnecessary antivirus software or services.