TheFair Credit Reporting Act (FCRA)restricts access to your credit reports. According to the Consumer Financial Protection Bureau (CFPB), the FCRA says a credit reporting company may send your credit report to “creditors, government authorities, landlords, employers and others” who intend to use ...
If there is a problem or error with your report, the FCRA gives you the right to dispute that error. It also requires the credit bureaus to respond in a timely manner. In addition to the FCRA, the credit bureaus are actively regulated by the Consumer Financ...
"In many cases, junk fees often act as penalties, like with non-sufficient funds and credit card late fees, rather than compensation for a legitimate service," said CFPB director Rohit Chopra in January 2022. More from CBS News What are the risks of defaulting on your debt?
But it’s important to be careful about the type of organization you reach out to for help. According to the CFPB, mostcredit counselingcompanies are nonprofit organizations. And they can offer legitimate support. Credit counselors can do things like give advice, help with budgeting and organize ...
Trump has nearly completed the formation of his cryptocurrency regulatory team, nominating Jonathan Gould (Office of the Comptroller of the Currency, OCC), Jonathan McKernan (Consumer Financial Protection Bureau, CFPB), and Brian Quintenz from a16z (Commodity Futures Trading Commission, CFTC). ...
If you win in federal court, the debt collector will pay your attorney fees and possibly damages.Bankrate insight: As of February 2025, the Trump administration halted activities of the CFPB. The agency may not be able to respond to complaints until it is allowed to resume activity....
The concern over blacklists is understandable since a blacklisted number could make it more complicated to reach a customer. This, in combination with the fluid regulatory environment spanning the TCPA, CFPB, and FTC, is compounding the challenge of cell phone outreach. So, what do contact ...
It’s not bad as long as the feature is activated with employer consent for legitimate purposes, like optimizing delivery routes or coordinating field service work. But location tracking can also promote unhealthy management habits, such as immediately questioning employees’ whereabouts when they take...
homes.23The probe included unauthorized funds transfers and how Venmo handled funds mistakenly sent to the wrong account. The probe closed in May 2024 with no enforcement action taken against Venmo or PayPal, but the CFPB continues to seek more in-depth regulation and oversight of payment apps....
Another option is to try to negotiate directly with yourcreditors. As the Consumer Financial Protection Bureau (CFPB) points out, "Some creditors might be willing to accept lower minimum monthly payments or change your monthly due date because they would rather get paid less on a regular basis—...