Will the New Consumer Privacy Bill Protect You?

Identity Theft

Will the New Consumer Privacy Bill Protect You?

Will the New Consumer Privacy Bill Protect You?

Legislation that would establish new nationwide privacy protections for American consumers was introduced by a group of high-profile Democratic senators on Thursday, including Pat Leahy (Vermont) and Elizabeth Warren (Massachusetts). The Consumer Privacy Protection Act would establish federal standards for notification of consumers when their data is lost or stolen, greatly expand the definition of… Read More

CFPB: Bank Charged $50M in Illegal Overdraft Fees

Personal Finance

CFPB: Bank Charged $50M in Illegal Overdraft Fees

CFPB: Bank Charged $50M in Illegal Overdraft Fees

Consumers were charged nearly $50 million in illegal overdraft fees by Alabama-based Regions bank, federal regulators said Tuesday. The bank, which operates in 16 states, failed to get consumers to opt-in to overdraft coverage, failed to stop charging illegal fees for nearly a year after it discovered the activity and also charged illegal fees in… Read More

Why Student Borrowers Deserve the Same Tax Break As Homeowners

Students

Why Student Borrowers Deserve the Same Tax Break As Homeowners

Why Student Borrowers Deserve the Same Tax Break As Homeowners

At a time when bipartisanship seems quaint, Senators Dean Heller (R-Nev.) and Debbie Stabenow (D-Mich.) appear to have set aside their ideological differences long enough to collaborate on legislation that would extend the Mortgage Forgiveness Debt Relief Act. Soon after the housing market collapsed, lenders reluctantly began modifying mortgages by abating interest and forgiving loan… Read More

Hospital Bills Just Got Easier to Manage

Managing Debt

Hospital Bills Just Got Easier to Manage

Hospital Bills Just Got Easier to Manage

The Department of Treasury and the Internal Revenue Service issued final regulations on new community benefit requirements for nonprofit hospitals on Dec. 29 – offering welcome protection to American consumers struggling with healthcare costs. These regulations call on hospitals to establish written financial assistance policies (also known as charity care policies), limit the amount billed… Read More

Obama’s Data Security Plan: Do As I Say, Not As I Do

Identity Theft

Obama’s Data Security Plan: Do As I Say, Not As I Do

Obama’s Data Security Plan: Do As I Say, Not As I Do

“If we’re going to be connected, then we need to be protected,” President Obama proclaimed at the Federal Trade Commission on Monday. In wide-ranging remarks, the president expressed what should be a self-evident truth, but is not yet a reality in the new digital age: “As Americans, we shouldn’t have to forfeit our basic privacy… Read More

Privacy Bill of Rights Gets New Push From Obama

Identity Theft

Privacy Bill of Rights Gets New Push From Obama

Privacy Bill of Rights Gets New Push From Obama

Two federal laws designed to create new federal rights to privacy are part of a sweeping new set of four broad digital-age consumer protections to be proposed by the administration, President Barack Obama announced Monday. Speaking at the Federal Trade Commission, Obama announced four proposals designed to deal with a growing sense among Americans that… Read More

CFPB Sues Texas Company for Issuing ‘Sham’ Credit Card

Credit Cards

CFPB Sues Texas Company for Issuing ‘Sham’ Credit Card

CFPB Sues Texas Company for Issuing ‘Sham’ Credit Card

A Texas firm accused of selling consumers a buying club card disguised as a general-purpose credit card was sued Wednesday by the Consumer Financial Protection Bureau. The card, offered by Union Workers Credit Services cost $37 for snail-mail applicants and $95 online, the CFPB said. While thousands of consumers signed up for the card, most… Read More

Show Me More

Find out where you stand.
Get your FREE personalized credit report card.

Sign Up Now