Groups Seek to Intervene to Defend Rule Designed to Keep Money in Consumers’ Pockets as the Work of the Agency is Frozen As the Trump-Vance Administration takes over the Consumer Financial Protection Bureau (CFPB) and begins with a stop work order, a broad coalition is taking legal action to defend a CFPB rule that would…
Read More about Coalition Moves to Protect Consumers from Costly Bank Overdraft Fees
Consumer advocates warned today that the illegal effort by the Trump Administration to shut down the Consumer Financial Protection Bureau (CFPB) endangers the entire economy.
Criminals plot seductive fraud schemes and carefully utilize forms of payment that best enable them to receive money quickly, without a consumer being able to stop or reverse the payment. This article explains practical steps and legal rights that may allow consumers to get their money back, depending on the payment method used by the…
Read More about Digital Library: Helping Consumers Harmed by Payment Fraud
Threatened CFPB Rule Will Lower Big Bank Overdraft Fees from $35 to $5, Saving Families Billions
Rohit Chopra’s CFPB beat back overdraft and credit card junk fees, tackled medical debt, credit reporting, student loans, and high-cost lending WASHINGTON – Today, President Donald J. Trump fired Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), an active, pro-consumer regulator. Director Chopra focused the nation’s leading consumer protection agency on protecting people…
Read More about Chopra Firing Brings Four Years of Pro-Consumer CFPB to a Rapid Close
Nearly every domestic violence survivor has reported suffering economic abuse at the hands of their abusive partner. They’ve been coerced into debt, had their credit scores ruined, lost all financial independence. Few laws are on the books to prevent this. Adrienne Adams, professor in the Department of psychology at Michigan State University, Carla Sanchez-Adams, senior attorney…
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