FOR IMMEDIATE RELEASE: June 2, 2016 CONTACT: Office of Communications Tel: (202) 435-7170 CONSUMER FINANCIAL PROTECTION BUREAU PROPOSES RULE TO END PAYDAY DEBT TRAPS Rule Would Require Lenders to Determine Whether Consumers Have the Ability to Repay Payday, Auto Title, and Certain Other High-Cost Loans WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today proposed a… Read More

FTC Alerts Telemarketers that TSR Prohibits Certain Payment Methods; Warns Consumers that Use of the Payment Methods is Illegal The Federal Trade Commission wants businesses to know about important Telemarketing Sales Rule (TSR) amendments that are now in effect. These changes make it unlawful for telemarketers to use three types of payment methods exploited by… Read More

New FTC Resources Warn Consumers About Imposter Scams If you have a computer or a phone, you’ve probably been targeted by a scammer pretending to be someone they’re not: maybe the IRS, another government official, a family member or friend, or a tech company. These imposters come in many varieties, but work the same way:… Read More