Consumer watchdog unveils foreclosure protections proposal
The Consumer Financial Protection Bureau (CFPB) proposed new rules on Wednesday aimed at helping homeowners facing foreclosure. The proposed rules would require mortgage servicers to exhaust all options to help homeowners before foreclosing and would limit the fees they can charge while they explore options, such as a temporary payment halt or extending the loan […]
CFPB Takes Action Against Fifth Third for Wrongfully Triggering Auto Repossessions and Opening Fake Bank Accounts – Consumer Financial Protection Bureau
Washington DC – The Consumer Financial Protection Bureau (CFPB) today took action against Fifth Third Bank for a series of illegal activities that will result in the bank paying a $20 million penalty and providing compensation to approximately 35,000 affected consumers, including approximately 1,000 who had their vehicles repossessed. Specifically, the CFPB is ordering Fifth […]
Only 1 state in the US completely bans consumer fireworks
(NEXSTAR) – With the Fourth of July coming up, fireworks laws are always a little confusing for Americans. Is it okay to set off fireworks? What kinds of fireworks can you legally purchase? It’s confusing from state to state, and no one seems to understand. The purchase and use of fireworks is permitted throughout the […]
Consumer confidence dips in June amid economic unease
Consumer confidence in June dropped as people expressed growing pessimism about the short-term prospects for the economy. The Conference Board’s consumer confidence index fell to 100.4 in June, down from 101.3 the month before, the group announced on Tuesday. That is another warning signal for President Joe Biden, who has been trying to shore up support for his […]
Consumer Data Privacy Threatened by Senators Durbin and Marshall
The following content is America’s Commitment. The constant evolution of today’s technology has made us increasingly reliant on digital platforms and services for even the most simple tasks, and while their convenience is undeniable, it also forces Americans to be more vigilant about protecting their personal and private data from a host of bad actors […]
Consumer Alert: CEO says a public bank would allow her credit union to help more low-income borrowers – News10NBC
Consumer Alert: Credit union CEO says public banks will help more low-income borrowers It’s the final stretch. State lawmakers were probably drinking gallons of caffeine Friday night, trying to get bills passed before the session ends. One of the bills would create a public bank in Rochester, an idea I told you about on Tuesday, […]
Popular kids snacks found to contain high levels of lead: Consumer Reports
See what’s clicking on FoxBusiness.com Research conducted by Consumer Reports found While there are no federal standards for the amount of heavy metals in most baby foods, two popular brands of children’s snacks have been found to contain high levels of lead. The Food and Drug Administration (FDA) has only set limits on heavy metals […]
Consumer Strength Powers Growth Despite Soft Job Openings
JOLTS was stronger than it looked April’s key figures Survey of Job Openings and Labour Mobility (JOLT) The weaker-than-expected reading was a relief to those who believe a softening labor market will provide the basis for the Fed to cut interest rates this year. But a closer look at the report suggests the labor market […]
Consumer Protections at Risk: Stop Durbin and Marshall
The following content is Electronic Payments Union. Today, we swipe our cards for almost everything: buying products online, shopping for groceries, donating to charity, etc. You probably don’t realize what goes on behind the scenes to make this easy access possible. These secure, seamless transactions are possible thanks to a robust payment processing network that […]
Consumer Financial Protection Bureau to launch registry of ‘repeat offenders’
The Consumer Financial Protection Bureau (CFPB), the federal government’s top consumer watchdog, announced Monday that it will create a registry to go after companies and individuals that repeatedly violate consumer protection laws. The new rules, originally proposed in December 2022, would require non-bank companies that receive enforcement orders from local, state, or federal consumer protection […]