The Consumer Financial Protection Bureau (also known as the CFPB) is the consumer watchdog agency in charge of monitoring the companies that serve people’s financial needs. From keeping collectors honest or ensuring your fully informed by your creditors and lenders, updates from this government agency can have a big impact on you and your financial world.
Jan 16, 2017 | Meghan Alard
A new report finds one in four consumers felt threatened during a collection call. Here’s what you can do to avoid the threat of debt collectors.
Oct 17, 2016 | Meghan Alard
If you use prepaid credit cards to avoid high-interest debt, the CFPB has some new prepaid card protections that will affect your usage and accounts.
Consumer Rights, Credit Cards
Apr 08, 2016 | Meghan Alard
Before you make a commitment to make a payment to a debt collector, make sure the debt is actually one you owe before you eliminate debt for someone else.
May 01, 2015 | Meghan Alard
The CFPB’s annual report shows debt collection remains the biggest thorn in consumers’ sides. It’s in your best interest to take action before charge-off.
Feb 06, 2015 | Meghan Alard
The CFPB has released their first annual report of debt collection complaints. Learn what challenges other consumers faced from collectors last year.
Consumer Rights, Debt Collection
Dec 01, 2014 | Meghan Alard
Some banks revise their overdraft policies ahead of new CFPB regulation. Could paying high overdraft fees soon be a thing of the past for consumers?
Oct 16, 2014 | Meghan Alard
The CFPB is looking to change the way banks use credit reports to avoid having consumers get into situations where they can’t even open a bank account.
Aug 27, 2014 | April Lewis-Parks
Scam artists stole millions of dollars from military members and other consumers. But they were caught. Find out how you can avoid being scammed.
Debt Collection, Military