by CEF | Sep 27, 2017 | CFPB, Chapter 7, General
Any time you go into a bank and open a new account, they typically ask if you want “overdraft protection.” They tell you it is a “benefit” the bank offers its customers, but you should know that it also benefits them. Banks make a lot of money...
by CEF | Feb 23, 2017 | CFPB, General, Student Loans
Many people have student loans and rely on the servicers to process their payments and deal with them fairly when it comes to negotiating any repayment terms. But the Consumer Financial Protection Bureau has shown us that we need to question everything when it comes...
by CEF | Feb 23, 2017 | CFPB, Collection Calls, FDCPA, General
If you feel that debt collectors have been threatening you and crossing the line, you are not alone. The Consumer Finance Protection Bureau recently released a survey reporting that more than one-in-four consumers feel threatened by a debt collector, and a majority...
by CEF | Feb 8, 2017 | CFPB, General
The CFPB joined with the New York Attorney General and filed a lawsuit against RD Legal Funding LLC and two related entities for allegedly scamming 9/11 responders out of money that was supposed to be used to cover medical expenses and other costs. Allegedly, RD...
by CEF | Jan 11, 2017 | CFPB, General, Seniors, Student Loans
On January 5, 2017, the Consumer Financial Protection Bureau (“CFPB”) released a report on the complaints from older student loan borrowers about the servicing practices of the lenders. According to the report, older borrowers who are struggling to make...
by CEF | Jan 4, 2017 | CFPB, Credit Reports
On January 3, 2017, the Consumer Financial Protection Bureau (“CFPB”) issued a press release stating that they had taken action against Equifax and TransUnion, two leading credit rating agencies, for deceiving consumers about the usefulness and cost of...
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