The CFPB and Credit Repair Cloud, have reached agreement over allegations that the firm helped other credit repair businesses charge illegal fees to consumers. If approved by a federal judge in the Central District of California, the company would pay a $1 million penalty and its CEO, Daniel A. Rosen would pay a $2 million civil penalty.
By speaking with thought leaders and experts in finance, the FDIC Podcast aspires to untangle the myths and mystery of the banking world, and to shed light on how every family can become part of the financial fabric of this country.
Experian® today released its 2024 U.S. Identity and Fraud Report revealing that generative AI (Gen AI), deepfakes and cybercrime are critical threats putting intensifying pressures on businesses. The 9th annual Experian Identity and Fraud Report provides valuable insights into emerging fraud trends such as these, as well as shifting consumer expectations.
A Pennsylvania federal judge has imposed sanctions and lambasted a law firm and its attorneys for having employees write falsified letters on behalf of clients involved in debt collection disputes.
Recently, the Consumer Financial Protection Bureau (CFPB) proposed a new rule to limit the inclusion of medical debt in consumer credit reports. This move has sparked serious concerns among financial experts and members of Congress, particularly the House Financial Services Committee, which expressed their opposition in a formal letter. They argue that the rule could disrupt the credit system, making it harder for consumers, especially low-income borrowers, to access affordable credit.
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