Earlier this month, the CFPB published a report on specialty financial products, such as medical credit cards and installment loans, which are sold to patients as a way to address the growing costs of medical care.
On May 5, 2023, the CFPB announced it would be sending $22.3 million in refund checks to consumers who lost money in credit card relief schemes. The CFPB sent 6,523 refund checks to damaged consumers.
The U.S. Department of Education has had the end of the student loan pause on its calendar, and Education Secretary Miguel Cardona confirmed it will happen this summer at a Senate Appropriations Committee hearing earlier this month, ACA International previously reported.
Within a little less than four weeks after the publication on March 30, by the Consumer Financial Protection Bureau (CFPB) of its nearly 900-page final rule related to small business data collection (the Final Rule) mandated by Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act), the Texas Bankers Association and Rio Bank filed suit in federal court in Texas against the CFPB and the agency's director.
The Office of the Attorney General (“OAG”) issues this consumer alert to help ensure that Texans are not deceived by companies appearing as though they may be government agencies.
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