Our Goal: $1,000,000

Current Total:


What's New

Displaying 1-5 of 56 results.
Feb 17, 2024

CFPB Report Finds Large Banks Charge Higher Credit Card Interest Rates than Small Banks and Credit Unions

Switching to a lower rate could save the average borrower hundreds of dollars per year

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today reported on the first set of results from the newly updated Terms of Credit Card Plans survey. The survey data reveal that large banks are offering worse credit card terms and interest rates than small banks an ... View Full Article

Jan 20, 2024

CFPB and Seven State Attorneys General Sue Debt-Relief Enterprise, Strategic Financial Solutions

Ryan Sasson and Jason Blust run an illegal enterprise that collects fees but delivers little relief

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) and seven state attorneys general sued Strategic Financial Solutions (SFS) and its web of shell companies for running an illegal debt-relief enterprise. The CFPB and state attorneys general also sued the chief architects of th ... View Full Article

Aug 28, 2023

CFPB Reaches Multibillion Dollar Settlement with Credit Repair Conglomerate

he largest credit repair brands in America, including Lexington Law and CreditRepair dot com, perpetrated years long scheme to illegally harvest billions in fees

WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) entered into a proposed settlement with a ring of corporate entities operating some of the largest credit repair brands in the country, including Lexington Law and CreditRepair.com. The agreement follows a ruling from t ... View Full Article

Jun 06, 2023

Cash Stored in Payment Apps At Risk!

Analysis of Deposit Insurance Coverage on Funds Stored Through Payment Apps

The Consumer Financial Protection Bureau (CFPB) published an issue spotlight on digital payment apps heavily used by consumers and businesses. The analysis finds that funds stored on these apps may not be safe in the event of financial distress, since the funds may not be held in accounts with feder ... View Full Article

Mar 16, 2023

FHA Reduces Annual Mortgage Insurance Premiums by 30 Basis Points to Support Affordable Homeownership


WASHINGTON - [February 22, 2023] The Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), announced a 30 basis point reduction to the annual mortgage insurance premiums (annual MIP) charged to homebuyers who obtain an FHA-insured mortgage. Vice Preside ... View Full Article