Be sure to check out any free offer to make sure it actually don’t cost anything. In an order issued Monday, the Federal Trade Commission said Intuit, maker of TurboTax, the popular tax filing software, engaged in deceptive advertising when it ran ads for “free” tax products and services that many consumers were ineligible for.
The Consumer Financial Protection Bureau on Wednesday proposed a rule to rein in excessive overdraft fees charged by the nation’s biggest financial institutions. It would close an outdated loophole that exempts overdraft lending services from provisions of the 1968 Truth in Lending Act. About 23 million households pay overdraft fees each year.
Do you have accumulated debt, maybe from student loans, credit cards, car loans, or overspending? Are you savings money for the future? Although a lot of people struggle with saving, it’s possible to gradually building small savings into large sums. Here are some ways to help you begin to save or build up your savings, offered by the FDIC.
After a pause for more than three years due to the covid-19 emergency, student loan borrowers are resuming payments. However, they’re things aren’t going smoothly. They’re experiencing long hold times, significant delays in application processing times for income-driven repayment plans, and inaccurate billing statements and disclosures,
It’s that time of year again. It’s unbelievable that 2023 has rolled by so fast. That means that the 2024 election is getting even closer and closer, an election with so many consequences for consumers and their financial lives. As usual, I’m one of the few reporters writing about the top consumer and personal finance stories of the year, research that I enjoy.
There are rules debt collectors are supposed to abide by when they deal with consumers. However, many may break the rules if you’re uninformed. Commonwealth Financial Systems, a medical debt collector, illegally tried to collect unverified medical debts after consumers disputed the validity of the debts,
Atlantic Union Bank illegally enrolled thousands of customers in checking account overdraft programs by phone and failed to provide proper disclosures, a federal agency said Friday as it took action against the bank. The CFPB is ordering Atlantic Union to refund at least $5 million in illegal overdraft fees and pay a $1.2 million penalty to the its victims relief fund.
Last year, Credit Karma agreed to pay $3 million to settle charges that it deceived people by claiming – falsely – that they had been “pre-approved” or had “90% odds” of approval for credit cards or loans offered by banks and lenders that used Credit Karma to promote their financial products. Many people weren’t approved for credit.
Be sure to check out any DNA testing firms that you’re considering buying a test kit from. CRI Genetics made false claims on its websites and social media that its ancestry reports were more accurate and detailed than other DNA testing companies, such as Ancestry DNA and 23andMe, according to a joint lawsuit by two agencies.
