The FTC is refunding $449,000 to victims of a telemarketing scam involving extended automobile warranties. According to a Thursday (Oct. 10) news release from the Federal Trade Commission (FTC), the scam was carried out by a company known as American Vehicle Protection Corp. The regulator said the scam involved...
The CFPB has barred dispute resolution platform Ejudicate from arbitrating disputes about consumer financial products. The ban came after the Consumer Financial Protection Bureau (CFPB) found that the company had misled student loan borrowers about its neutrality and undertook “sham” arbitration proceedings, the regulator said in a Thursday (Oct. 10)...
With another major hurricane on the way, three federal agencies are warning companies not to take advantage of these natural disasters and cautioning consumers to watch out for the scams that often accompany these events. Scammers often take advantage of people trying to recover from...
The U.S. government’s proposed ban on connected vehicle technology from China and Russia marks a significant shift in the approach to national security and cybersecurity within the automotive sector. Once finalized, the proposed rule from the Department of Commerce would prohibit the import or sale...
January 17, 2024
Labels are popular on Capitol Hill. And this week the labels are flying fast and furiously, aimed at big banks and credit unions. The Consumer Financial Protection Bureau (CFPB) put forth a proposal Wednesday (Jan. 17) that would limit overdraft fees — in many cases, drastically so. In the release detailing the proposal, the CFPB […]
September 16, 2021
Nothing is as certain as death and taxes, they say. And when it comes to payments and credit innovations experiencing explosive growth, particularly buy now, pay later (BNPL) — perhaps...
August 25, 2021
As COVID-19 ebbs and flows and a sustainable re-opening for business and leisure remains shrouded in uncertainty, at least one thing has become clear; people everywhere are itching to pack...
December 02, 2019
Every merchant is looking for an edge – a way not only to make more money, but also to hit on fresh methods for building customer loyalty and trust. As...
October 10, 2024
The FTC is refunding $449,000 to victims of a telemarketing scam involving extended automobile warranties. According to a Thursday (Oct. 10) news release from the Federal Trade Commission (FTC), the scam was carried out by a company known as American Vehicle Protection Corp. The regulator said the scam involved calling hundreds of thousands of consumers nationwide to sell costly […]
October 10, 2024
The CFPB has barred dispute resolution platform Ejudicate from arbitrating disputes about consumer financial products. The ban came after the Consumer Financial Protection Bureau (CFPB) found that the company had misled student loan borrowers...
October 09, 2024
With another major hurricane on the way, three federal agencies are warning companies not to take advantage of these natural disasters and cautioning consumers to watch out for the scams...
September 05, 2024
The Consumer Financial Protection Bureau (CFPB) has found that debt collectors are using illegal tactics, and it is taking steps to ensure they follow consumer financial protection laws. The regulator said...
