The Consumer Financial Protection Bureau filed a lawsuit in Illinois Monday against Fifth Third Bank, one of the largest banks in the Midwest. The CFPB alleges that for several years Fifth Third, without consumers’ knowledge or consent, added services consumers didn’t approve.
Wells Fargo has agreed to pay $3 billion to resolve civil and criminal charges related to its practice between 2002 and 2016 of pressuring employees to meet unrealistic sales goals that led to millions of accounts being created under false pretenses or without consent.
The average American household owes a near-record $8,700 to credit card companies. Forty-six million Americans, nearly one in five adults, think they will miss at least one credit card payment due date in 2020, according to a WalletHub credit cards survey released Tuesday.
Citizens Bank is being sued by the Consumer Financial Protection Bureau for allegedly violating the federal Truth in Lending Act and other consumer protection laws by failing to properly manage and respond to credit card disputes.
Corporations keep breaking the law, and the Department of Justice keeps refusing to prosecute them, a report finds. The DOJ’s refusal to bring criminal prosecutions against big banks, big pharma, and other big businesses has led to a failure to deter repeat offenders.
A massive data theft at Capital One exposed personal information, including some Social Security numbers, of more than 100 million people. It’s the largest data theft from any bank. Consumers should freeze their credit reports for free to safeguard their financial security.
In these complex financial times, it’s a good idea to have a financial advisor on your team. You need to
U.S. Department of Education data shows that nearly a quarter of the more than 43 million federal student loan borrowers
What’s a boomer-style summer look like? Summer boomer style looks like any other season – with thoughts and activities both
