Showing 1 to 11 of 11 results
Hidden Credit Card Penalties: Late Fees Despite On-Time Payments
A Virgin Money credit card customer, despite a history of on-time payments, was charged interest due to a missed payment resulting from not receiving a statement email; this highlights hidden credit card penalties and the need for regulatory changes.
Hidden Credit Card Penalties: Late Fees Despite On-Time Payments
A Virgin Money credit card customer, despite a history of on-time payments, was charged interest due to a missed payment resulting from not receiving a statement email; this highlights hidden credit card penalties and the need for regulatory changes.
Progress
64% Bias Score
Weakened CFPB Raises Concerns of Future Financial Abuses
The Trump administration's efforts to curtail the Consumer Financial Protection Bureau (CFPB)'s operations raise concerns about potential future financial abuses, despite stricter regulations than before the 2008 crisis; the agency delivered $19.7 billion in consumer relief to 195 million people sin...
Weakened CFPB Raises Concerns of Future Financial Abuses
The Trump administration's efforts to curtail the Consumer Financial Protection Bureau (CFPB)'s operations raise concerns about potential future financial abuses, despite stricter regulations than before the 2008 crisis; the agency delivered $19.7 billion in consumer relief to 195 million people sin...
Progress
44% Bias Score
SpyLend Android App: 100,000 Downloads Before Removal Highlights App Store Security Flaws
The SpyLend Android app, disguised as "Finance Simplified", rapidly increased downloads from 50,000 to 100,000 in a week before Google's removal; it enabled predatory lending, blackmail, extortion, and data theft, highlighting vulnerabilities in app store security.
SpyLend Android App: 100,000 Downloads Before Removal Highlights App Store Security Flaws
The SpyLend Android app, disguised as "Finance Simplified", rapidly increased downloads from 50,000 to 100,000 in a week before Google's removal; it enabled predatory lending, blackmail, extortion, and data theft, highlighting vulnerabilities in app store security.
Progress
36% Bias Score
Trump Administration Halts Consumer Financial Protection Bureau
The Trump administration halted the Consumer Financial Protection Bureau (CFPB), suspending rules on bank overdraft fees and medical debt, prompting protests and resignations; the agency has returned nearly $20 billion to consumers since its creation.
Trump Administration Halts Consumer Financial Protection Bureau
The Trump administration halted the Consumer Financial Protection Bureau (CFPB), suspending rules on bank overdraft fees and medical debt, prompting protests and resignations; the agency has returned nearly $20 billion to consumers since its creation.
Progress
48% Bias Score
Berkshire Hathaway Sued Over Allegedly Predatory Lending Practices
The US Consumer Financial Protection Bureau sued Berkshire Hathaway's Clayton Homes unit, Vanderbilt Mortgage, on Monday for allegedly pushing borrowers into unaffordable loans, leading to defaults and repossessions; the CFPB seeks civil fines and restitution, citing a case where a family had $57.78...
Berkshire Hathaway Sued Over Allegedly Predatory Lending Practices
The US Consumer Financial Protection Bureau sued Berkshire Hathaway's Clayton Homes unit, Vanderbilt Mortgage, on Monday for allegedly pushing borrowers into unaffordable loans, leading to defaults and repossessions; the CFPB seeks civil fines and restitution, citing a case where a family had $57.78...
Progress
40% Bias Score
CFPB Awards $1.8 Billion in Refunds for Credit Repair Scam
Over 4.3 million Americans will receive $1.8 billion in refunds due to illegal fees and deceptive advertising by credit repair companies Lexington Law and CreditRepair.com, following a CFPB court victory and subsequent company bankruptcies.
CFPB Awards $1.8 Billion in Refunds for Credit Repair Scam
Over 4.3 million Americans will receive $1.8 billion in refunds due to illegal fees and deceptive advertising by credit repair companies Lexington Law and CreditRepair.com, following a CFPB court victory and subsequent company bankruptcies.
Progress
40% Bias Score
Financial Exclusion and the High Cost of Poverty in America
Lack of banking access disproportionately impacts low-income Americans, particularly in Southern states like Mississippi (11.1% unbanked) and Louisiana (8.1%), leading to reliance on predatory financial services with exorbitant fees (up to 572% APR on payday loans) and hindering economic development...
Financial Exclusion and the High Cost of Poverty in America
Lack of banking access disproportionately impacts low-income Americans, particularly in Southern states like Mississippi (11.1% unbanked) and Louisiana (8.1%), leading to reliance on predatory financial services with exorbitant fees (up to 572% APR on payday loans) and hindering economic development...
Progress
44% Bias Score
CFPB Dismantling: Increased Financial Risk for Vulnerable Communities
The swift dismantling of the Consumer Financial Protection Bureau (CFPB) under new leadership, beginning February 1, 2024, has halted enforcement actions, withdrawn lawsuits against major banks, and raised concerns about increased financial risk for vulnerable communities, potentially mirroring the ...
CFPB Dismantling: Increased Financial Risk for Vulnerable Communities
The swift dismantling of the Consumer Financial Protection Bureau (CFPB) under new leadership, beginning February 1, 2024, has halted enforcement actions, withdrawn lawsuits against major banks, and raised concerns about increased financial risk for vulnerable communities, potentially mirroring the ...
Progress
56% Bias Score
CFPB Shutdown Leaves Service Members Vulnerable to Financial Scams
Democratic senators criticized the suspension of the Consumer Financial Protection Bureau (CFPB), arguing that it leaves service members vulnerable to financial scams, citing a $470 million loss to fraud in 2023 and $183 million returned to victims through CFPB enforcement actions since 2011.
CFPB Shutdown Leaves Service Members Vulnerable to Financial Scams
Democratic senators criticized the suspension of the Consumer Financial Protection Bureau (CFPB), arguing that it leaves service members vulnerable to financial scams, citing a $470 million loss to fraud in 2023 and $183 million returned to victims through CFPB enforcement actions since 2011.
Progress
56% Bias Score
Newsom Issues Executive Order to Protect Southern California Wildfire Victims from Predatory Real Estate Practices
California Governor Gavin Newsom issued an executive order on Tuesday, January 30th, prohibiting undervalue offers on homes in Los Angeles County fire-affected zip codes for three months to protect residents from predatory real estate investors following the Eaton and Palisades fires, which have kil...
Newsom Issues Executive Order to Protect Southern California Wildfire Victims from Predatory Real Estate Practices
California Governor Gavin Newsom issued an executive order on Tuesday, January 30th, prohibiting undervalue offers on homes in Los Angeles County fire-affected zip codes for three months to protect residents from predatory real estate investors following the Eaton and Palisades fires, which have kil...
Progress
52% Bias Score
High Retail Credit Card APRs Persist Despite Federal Reserve Rate Cuts
The CFPB reported that 19% of retail credit cards have APRs above 35%, despite Federal Reserve interest rate cuts, due to various factors including a lack of federal interest rate caps and independent margin setting by credit card issuers; the average APR for new cards offered by the top 100 retaile...
High Retail Credit Card APRs Persist Despite Federal Reserve Rate Cuts
The CFPB reported that 19% of retail credit cards have APRs above 35%, despite Federal Reserve interest rate cuts, due to various factors including a lack of federal interest rate caps and independent margin setting by credit card issuers; the average APR for new cards offered by the top 100 retaile...
Progress
40% Bias Score
Showing 1 to 11 of 11 results