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U.S. Consumer Financial Protection Bureau

A collection of news and information related to U.S. Consumer Financial Protection Bureau published by this site and its partners.

Top U.S. Consumer Financial Protection Bureau Articles

Displaying items 12-22
  • A timely warning from the feds: Bitcoins are the 'Wild West'

    The Consumer Financial Protection Bureau, that whipping boy of big-business conservatives everywhere, demonstrated its value to the average consumer this week by explaining the pitfalls of bitcoins and other such "virtual currencies." The key takeaway,...
  • Taking countermeasures against fake IRS callers

     Taking countermeasures against fake IRS callers
    Write this down and tape it to your grandparents' telephone: The Internal Revenue Service does not contact people by phone to demand payment for unpaid taxes or threaten them with arrest or deportation if they do not send money immediately. The IRS...
  • Digital currencies such as bitcoin carry 'significant risks,' Feds warn

    WASHINGTON Government regulators issued a consumer advisory Monday on the risks of bitcoin and other digital currencies, warning that the virtual funds expose users to volatile exchange rates, hacking, scams and theft. Markups and transaction fees for...
  • Spending Smart: Tormented by debt collectors? Fight back

    Despite the upturn in the economy, more than one-third of Americans last year defaulted on debts and bills that later went into collections, which means many of those people were probably hassled by a debt collector. It's not exactly busting the kneecaps...
  • New FICO criteria could help borrowers

    The nation's dominant credit-scoring system is being revised in a way that could save consumers nationwide billions of dollars, especially in qualifying for mortgages, auto loans and credit cards at lower interest rates. The changes to FICO criteria are...
  • FICO changes may save consumers billions -- but not soon, experts say

    FICO changes may save consumers billions -- but not soon, experts say
    America’s most widely used credit-scoring system is being revised to reduce the negative effect of overdue medical bills and to quit penalizing consumers who pay off debts that had been assigned to collection agencies. The changes to the hugely...
  • FICO's new scoring model to help lenders better assess risk

    (Reuters) - A move by personal credit score provider FICO to leave out or discount medical debt from its scores will boost the credit record of many borrowers, while helping lenders to better assess risk. The company, formerly known as Fair Isaac Corp,...
  • Subprime auto loans go down road to ruin

    The following editorial appeared in the Sacramento Bee on Sunday, Aug. 3: Not even a decade after Wall Street gamblers took us to the brink of global economic ruin, the same players are back abusing the financial product that caused so much trouble the...
  • City seeks to put a dent in false property filings

    City seeks to put a dent in false property filings
    Concerns that homeowners are unwittingly being taken advantage of by unscrupulous individuals remain top of mind for authorities, despite improvements to the housing market. In the past few weeks, a Chicago City Council committee urged the Cook County...
  • Lender demands more data for loan in good standing

    Q: I have a vacation home loan that is a couple of years old. I always pay promptly, and I pay more than the monthly requirement, because I hope to pay it off early. I have gotten a request from the lender for tax returns for the last three years and a...
  • Feds: Debt collector a lawsuit 'factory'

    After an Atlanta-area county court garnished Eduardo Austin's wages to collect more than $3,300, the software developer thought he was done paying an old credit card debt from his college days. But three years later the same law firm that came after...