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February

8
2024
Industry News

CFPB Secures $12 Million From Ringleaders of Foreclosure Relief Scam

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today announced that it resolved an appeal in a long-running enforcement suit against a foreclosure relief scam operation for $12 million in consumer redress and penalties.

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February

8
2024
Industry News

Department Stores Face Financial Pressure From Proposed Junk Fee Ban

Retailers like Macy’s and Nordstrom are dealing with a pair of card-related threats to their bottom lines, The Wall Street Journal reported Wednesday (Feb. 7). The first is a proposal by the Consumer Financial Protection Bureau to lower late fees, and the second is a rise in delinquencies.

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February

8
2024
Industry News

FTC Sends Refunds to Consumers Harmed by a Tech Support Scam Facilitated by Payment Processor Nexway

The Federal Trade Commission is sending more than $610,000 in refunds to consumers who lost money to a tech support scam facilitated by the payment processing company Nexway.

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February

7
2024
Industry News

Utah First Credit Union Secures Ninth Consecutive Crystal Performance Award

SALT LAKE CITY--(BUSINESS WIRE)--Utah First Credit Union is excited to announce another honor for an unprecedented ninth consecutive year. The institution has received the Crystal Performance Award, a distinguished honor presented by Raddon, A Fiserv Company, that sets Utah First apart as one of the premier credit unions in the country.

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February

7
2024
Trends

Credit Card, Auto Loan Delinquency Rates Rise in NY Fed Report

(Bloomberg) -- American households took on more debt at the end of last year, and some of those loans are increasingly going bad, according to data from the Federal Reserve Bank of New York.

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