Chester County News and Community Website
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has fined international remittance provider Wise nearly $2.5 million for misleading advertising, failure to disclose fees accurately, and other violations of …
Wise Faces $2.5M Penalty for Misleading Money Transfer Practices Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) recently filed a lawsuit against Early Warning Services, the operator of the Zelle payment platform, along with Bank of America, JPMorgan …
Fraud on a Billion-Dollar Scale? CFPB Takes on Zelle and Big Banks in Explosive Lawsuit Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has finalized a new rule aimed at reforming overdraft practices at large financial institutions. This action targets banks and credit unions with …
CFPB Closes Overdraft Loophole, Saves Consumers Billions Read More WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has taken decisive action against Global Tel Link Corporation (GTL), accusing the company of engaging in illegal practices that deprived incarcerated individuals …
GTL Under Fire: CFPB Penalizes Telecom Giant for Exploiting Incarcerated Populations Read More
WASHINGTON, D.C. — The Federal Trade Commission (FTC) has reported a dramatic surge in consumer losses linked to Bitcoin ATM scams, with the total amount lost skyrocketing to over $110 …
Is Your Cash Safe? Discover How Bitcoin ATM Scams Might Be Targeting You! Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has now taken a bold stance, recently proposing a new rule that may revolutionize the approach of banks and financial institutions …
CFPB Proposes Game-Changing Rule on Bank NSF Fees Read More
The Consumer Financial Protection Bureau (CFPB) has ordered U.S. Bank to pay nearly $21 million after it prevented out-of-work consumers from accessing their unemployment benefits during the COVID-19 pandemic peak. …
U.S. Bank Ordered to Pay $21 Million for Blocking Unemployed Consumers from Accessing Benefits Read More