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May

1
2024
Industry News

Use Pass It On to talk about fraud this Older Americans Month

This month, we join the nation to celebrate Older Americans Month. It’s also the 10th anniversary of Pass It On, the FTC’s fraud education campaign for older adults.

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May

1
2024
Industry News

Statement of CFPB Director Rohit Chopra on Medical Financial Products

In recent years, there are signs of increased involvement by financial institutions in the American health care system. Many medical procedures can be financed by Buy Now, Pay Later loans, medical credit cards, and other medical loans offered in conjunction with health care providers and facilities.

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May

1
2024
Industry News

FTC Sued to Overturn Ban on Noncompetes

The United States Chamber of Commerce and other trade groups sued the Federal Trade Commission in the United States District Court for the Eastern District of Texas on April 24, in Chamber Of Commerce Of The United States Of America et al v. Federal Trade Commission et al, Case No. 6:24cv148.

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May

1
2024
Industry News

CFPB Highlights the Hidden Costs of Health Savings Accounts

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today released a report detailing the complex costs and fees that many consumers with health savings accounts are forced to pay. There were approximately 36 million health savings accounts in 2023 – holding more than $116 billion.

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April

30
2024
Industry News

Financial Business and Consumer Solutions Announces Data Breach Affecting Over 1.9 Million Consumers’ SSNs

On April 26, 2024, Financial Business and Consumer Solutions, Inc. (“FBCS”) filed a notice of data breach with the Attorney General of Maine after discovering unauthorized access to certain systems in its network.

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