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Consumer Protection


  • gambling

    Can Gambling Affect Your Credit Scores?Consumer Protection, credit

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    If Las Vegas or Atlantic City are your ideal travel destinations because you love to gamble, luck is on your side: Gambling does not automatically hurt your credit scores. But before you sit down at the blackjack table or roulette wheel and lose a few hundred bucks, you need to know that even though this choice won’t directly harm your credit, it can still be a risky move. There are certain gambling behaviors that can […]

  • Credit Card

    Americans Have Had Chip Cards for a Year. Here’s How It’s Going So FarConsumer Protection, credit

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    A new rule imposed by the credit card associations took effect Oct. 1, 2015, mandating that merchants accept chip cards or face increased liability for fraud. The date passed last year with a lot of fanfare and considerable frustration; many smaller merchants complained they weren’t ready. Chip cards had been available for more than a decade, but the U.S. had long been a laggard — until a string of high-profile card database thefts, beginning with […]

  • Credit Card Mistake

    Major Title Loan Lender TMX Finance to Pay $9M for Misleading CustomersConsumer Protection, Personal Finance

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    One of the nation’s largest title loan firms was fined $9 million for misleading consumers about their cost of borrowing, federal regulators said Monday. TMX Finance, the parent company of TitleMax, allegedly tricked borrowers into taking out longer-term, more expensive loans, and also used illegal debt collection tactics, according to the Consumer Financial Protection Bureau. The firm was ordered to stop the illegal tactics. TMX, in a statement, said it settled the case without admitting […]

  • Wells Fargo Fraud

    Wells Fargo’s Fake Account Scandal: CEO Vows to ‘Make it Right’ but Doesn’t Explain HowBanking, Consumer Protection

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    A group of senators just spent about an hour and a half grilling John Stumpf, the CEO and chairman of Wells Fargo, about 2 million unauthorized accounts that were opened under his watch and how Wells Fargo was going to make it up to customers. Stumpf’s answers to many of those questions was some variation of, “We’re working on it” and “Let me get back to you on that.” It’s perhaps unsurprising that the members of the […]

  • Holiday scam

    You Have Just 100 Days to Plan for Holiday ScamsConsumer Protection, Identity Theft

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    Whether you are hoping we can “Make America Great Again,” working tirelessly for those who say that we are “Stronger Together,” or simply trying to make it through another day, it is highly likely that Christmas is the furthest thing from your thoughts right now. But with only 54 days ‘till Election Day, I can already tell you what’s going to happen, and it’s not going to be pretty. I’m not talking about the continuing […]

  • student loan debt

    This For-Profit School Is Forgiving $23.5 Million in Student Loan Debt in CFPB SettlementConsumer Protection, student loans

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    A for-profit school that allegedly told students their loans would only cost $25 per month to repay must now forgive those loans, federal regulators announced Monday. The firm, publicly-traded Bridgepoint Education Inc., has agreed to discharge all outstanding private loans and refund some students after allegations that it engaged in unfair or deceptive practices, the Consumer Financial Protection Bureau announced Monday. San Diego-based Bridgepoint currently has nearly 50,000 students, mostly enrolled online in schools it […]

  • Scam Alert

    Beware: Scammers May Be Posing as Your RealtorMortgages, Consumer Protection

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    There’s a scam afoot, or, shall we say, a-wire that prospective homebuyers may want to be on the lookout for, and it happens like this: You’re nosing around the real estate market — maybe even close to buying a house or piece of property. And then you get a message from your real estate agent urging you to wire money to secure the deal. As you might have guessed, a scammer is spoofing your real estate agent’s account […]

  • puppy scam

    Look! An Adorable Puppy … Nope. Scam.Consumer Protection, Identity Theft

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    A California woman recently almost fell victim to a nasty scam on eBay when she was looking for an Old English Sheepdog puppy. Chalk it up to the dog days of summer, or just to really awful people who are willing to break hearts and ruin lives for a quick buck. Amy Green of Carlsbad reportedly told the San Diego Union-Tribune she was looking at classifieds on the online marketplace when she came across a post […]

  • Deceit

    Comcast Is Being Sued for Allegedly Deceiving CustomersConsumer Protection

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    Washington state is suing Comcast for more than $100 million, its attorney general’s office announced Monday. The lawsuit alleges the cable giant deceived subscribers by offering a “near-worthless” service protection plan, charging improper service fees and conducting improper credit screening. The state is seeking refunds for more than 400,000 residents. The lawsuit primarily takes issue with Comcast’s Service Protection Plan, a nationwide program that claims subscribers can avoid being charged for certain technician visits to their home in exchange […]

  • Phishing

    5 Recent Phishing Lures that Could Snag YouConsumer Protection, Identity Theft

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    A recent study found that 70% of teens text and drive, largely due to FOMO (fear of missing out). These kids are ripe for phishing. But so are many of us. The distractions of life are a phishing campaign’s stock in trade. And while getting got by cybercrime will never be entirely avoidable, knowledge is your best protection. While it goes without saying that texting and driving is illegal, and inter-galactically stupid, it also makes […]

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