CONSUMER FINANCIAL PROTECTION BUREAU FINDS CARD ACT HELPED CONSUMERS AVOID MORE THAN $16 BILLION IN GOTCHA CREDIT CARD FEES Concerns Remain About Other Back-End Practices Such As Deferred-Interest Promotions WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today released a report detailing how the Credit Card Accountability Responsibility and Disclosure Act (CARD Act) has… Read More


CONSUMER FINANCIAL PROTECTION BUREAU ORDERS SUBPRIME CREDIT REPORTING COMPANY AND OWNER TO PAY $8 MILLION PENALTY FOR ILLEGAL PRACTICES Company Mishandled Consumer Reports, Failed to Investigate Consumer Disputes WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) took action against a nationwide credit reporting company, Clarity Services, Inc., and its owner, Tim Ranney, for… Read More


CONSUMER FINANCIAL PROTECTION BUREAU TAKES ACTION AGAINST DEBT COLLECTOR FOR PURSUING DISPUTED AND UNVERIFIED CELLPHONE DEBTS EOS to Pay More than $2.5 Million in Refunds and Penalties   WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) filed a federal complaint against EOS CCA (EOS), a Massachusetts debt collection firm, for reporting and collecting… Read More


Don’t recognize that debt? Here’s what to do. December 8, 2015 by Dan Dwyer Staff Attorney, Division of Financial Practices, FTC Debt collectors make up to one billion contacts with consumers each year. It’s their job to make sure they’re collecting from the right people. But sometimes, they reach the wrong person. Other times, they’re… Read More


FOR IMMEDIATE RELEASE: December 17, 2015 CONTACT: Office of Communications Tel: (202) 435-7170 CONSUMER FINANCIAL PROTECTION BUREAU TAKES ACTION AGAINST LEAD AGGREGATORS FOR ONLINE TRAFFICKING OF PERSONAL INFORMATION T3Leads and Lead Publisher Exposed Consumers to Harassment and Deceit WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today took separate actions against a company and an… Read More


FOR IMMEDIATE RELEASE: December 28, 2015 CONTACT: Office of Communications Tel: (202) 435-7170 CONSUMER FINANCIAL PROTECTION BUREAU TAKES ACTION TO STOP ILLEGAL DEBT COLLECTION LAWSUIT MILL Order Would Bar Georgia Law Firm from Churning Out Illegal Collections Lawsuits and Require $3.1 Million Penalty WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed… Read More


Please contact us if you have a 36% line of credit from The Loan Machine in Illinois.… Read More