There were 361 complaints about reverse mortgages submitted to the CFPB in 2023, a number that dropped to 298 in 2024.
Created at the behest of Senator Elizabeth Warren (D-MA), the Consumer Financial Protection Bureau (CFPB) has the ostensible goal of protecting people from bad actors and practices in the financial ...
The Consumer Financial Protection Bureau is a federal agency that protects consumers from predatory lenders and credit card ...
Understanding your rights as a consumer is more critical than ever. Financial rights education platforms have emerged as ...
The CFPB—tasked to protect consumers from unfair banking practices—was created by Democrats in the wake of the 2008 financial ...
While there have been some consumer wins during Biden’s tenure, there are some rules that are tied up in court. Advocates are ...
However, mismanagement by lenders—such as hidden fees, predatory practices, or unfair terms—can trap borrowers in cycles of ...
The Electronic Funds Transfer Act protects consumers from liability for unauthorized transfers from their accounts.
The CFPB reports that US servicemembers pay more for auto loans than civilians, highlighting larger loans, smaller down ...
The Consumer Financial Protection Bureau (CFPB) announced on Jan. 17, 2025, that Equifax, one of the three major credit bureaus, must pay a $15 million penalty for not conducting ...
Consumer complaints against banks and NBFCs rose significantly in FY23-24, largely due to issues with loans, digital banking, ...