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

CFPB Takes Action Against 2 Student Loan ‘Debt Relief’ Companies

Students

CFPB Takes Action Against 2 Student Loan ‘Debt Relief’ Companies

CFPB Takes Action Against 2 Student Loan ‘Debt Relief’ Companies

Two firms accused of offering false hope to student loan borrowers seeking lower monthly payments or other debt relief have been sued by the Consumer Financial Protection Bureau, the agency announced Thursday. According to the bureau, both firms “tricked” consumers into paying upfront fees to access federal loan benefits, which in many cases were free…. Read More

Santa Claus Is Coming… for Your Credit Cards

Personal Finance

Santa Claus Is Coming… for Your Credit Cards

Santa Claus Is Coming… for Your Credit Cards

If you really want to convince your kids they’ve received a letter from Santa, practice your creative handwriting skills or ask a friend to write one — buying one off the Internet probably isn’t the way to go. While there appear to be some legitimate “Letters from Santa” businesses online and plenty of free downloadable… Read More

How to Spot a ‘Work From Home’ Scam

Personal Finance

How to Spot a ‘Work From Home’ Scam

How to Spot a ‘Work From Home’ Scam

“Local mom makes $6,795/month part-time!” How? Easy! Posting links on websites. Helping charities raise money. Signing up friends. And really, it is possible — but then, so is winning the lottery this week. Follow that ‘mom’ offer (how did they know what town I live in?) and you’ll find yourself on a page that explains… Read More

The 12 Scams of Christmas

Identity Theft

The 12 Scams of Christmas

The 12 Scams of Christmas

Perhaps you’ve noticed: There are scams all over the Internet, run by ill-intentioned people hoping you’re careless or gullible enough to fall into their traps. They want your name, your email address, your passwords and, most of all, your money. Yeah, you get it — people have been warning you about scams for years. You… Read More

Don’t Get Tricked: Identity Protection Tips You Need

Identity Theft

Don’t Get Tricked: Identity Protection Tips You Need

Don’t Get Tricked: Identity Protection Tips You Need

October is a really fun month. The weather is turning, fall is in the air, and, of course, there’s Halloween! But how can consumers make sure that October is full of treats, while not falling for any scammers’ tricks? By arming themselves with the facts and the resources to protect their personally identifiable information. Trick:… Read More

How to Keep Your Grandparents From Getting Ripped Off by Mail Scams

Personal Finance

How to Keep Your Grandparents From Getting Ripped Off by Mail Scams

How to Keep Your Grandparents From Getting Ripped Off by Mail Scams

I don’t know about you, but I have a 79-year-old mom who seems to be on every political and religious mailing list known to man. Every day, she gets a new batch of letters emblazoned with words like “special notice,” “official survey due” and “final attempt: invoice enclosed.” Of course, the special notice is simply… Read More

CFPB Targets Payday Lender’s ‘Cash-Grab Scam’

Personal Loans

CFPB Targets Payday Lender’s ‘Cash-Grab Scam’

CFPB Targets Payday Lender’s ‘Cash-Grab Scam’

A new, brazen fraud begins with a twist: Instead of losing money, consumers get money, which is unexpectedly deposited into their checking account. But the surprise windfall turns into a big headache, and even bigger bills, the CFPB says in a lawsuit disclosed Wednesday. The cash comes from a payday lender owned by a firm… Read More

The Fight to Stop Robocalls

Identity Theft

The Fight to Stop Robocalls

The Fight to Stop Robocalls

If technology exists that could stop scammy robocalls before they pester and cheat Americans, why don’t phone companies use it?  That’s the crux of a letter sent Tuesday by attorneys general from 39 states and territories to the Federal Communications Commission. Software with names like NoMoRobo, Call Control and Telemarketing Guard can root out many unwanted and… Read More

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