State AG Issues ‘Grandparent Scam’ Warning
The Federal Trade Commission recorded more than 40,000 cases of grandparent scams from 2010 to 2013 and the scam is widely considered to be underreported. Collection & Credit Risk
CFPB Issues Final Points-and-Fees Error Resolution Rule
Mortgage lenders will have 210 days to fix errors in their calculations of points and fees and reimburse borrowers for any overages under a final rule issued by the Consumer Financial Protection Bureau. News
CFPB Issues Stark Warning to Card Lenders About Promotional Rates
WASHINGTON -- The Consumer Financial Protection Bureau issued a warning Wednesday to credit card companies that use deceptive marketing to mask hidden charges within promotional interest rates. Collections - Credit Card
CFPB Issues Mortgage Broker Lending Guidance
The Consumer Financial Protection Bureau is concerned that some mortgage brokers may be shifting to the "mini-correspondent" lender model under the mistaken belief that identifying themselves as such will automatically exempt them from consumer protection rules affecting broker compensation. Collections - Other Consumer
FTC, CFPB Plan Roundtable to Review Latino Collection Issues
The FTC and CFPB will co-host a roundtable in October to examine how debt collection issues affect Latino consumers, especially those who have limited English proficiency. Collections - Other Consumer
Join us for a forum to discuss consumer issues for veterans
We’re hosting an online forum on veteran consumer issues on Friday, May 9 at 2 p.m. EDT. The event will focus on common consumer issues for veterans and military retirees. Highlights will include a review of tools that can help veterans capitalize on key benefits and information that can help them avoid consumer scams. Whether [...]
