This year’s National Consumer Protection Week is March 1-7. It’s an opportunity for consumers to learn about their rights as consumers, help them make well-informed decisions about money, and provide tips to avoid scams.
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 operator of a debt collection scheme has settled claims by the Federal Trade Commission and New York attorney general that he and the companies he controlled lied to consumers about how much debt they owed and used illegal scare tactics to collect it.
A low-income advocacy group filed a lawsuit Wednesday to invalidate the U.S. Department of Education’s new borrower defense rules, which dump protections from predatory schools and impose standards and hurdles for defrauded students seeking to cancel loans.
Consumers reported losing $201 million to romance scams in 2019 – up nearly 40 percent since 2018. Romance scammers prey on consumers who are looking for love, converting what feels like a budding relationship into an ask for money to help the scammer get out of some manufactured crisis.
In Tuesday’s email, I received a notice from the Federal Trade Commission that outlines its proposal to reexamine the Funeral Rule. The rule, adopted in 1984, protects consumers from unfair and deceptive practices in the sale of funeral products and services.
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.
Twenty-four attorneys general want to make sure that states can continue to benefit from tools under Title X of the Dodd-Frank Act that help them protect consumers from fraud and abusive consumers practices.
It will be time to file your income taxes soon, so that means scam artists are hard at work trying to get your money. The IRS is seeing two new types of tax-related scams, one dealing with Social Security numbers and the other a phony tax bill:
