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Broadband is the "new electricity"
The House should pass the bipartisan infrastructure bill on the House floor this week. Among other provisions, it allocates $65 billion to make fast broadband more available -- especially in rural and...
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CFPB Slams Big 3 Credit Bureaus for Excuses, “Deficiencies” and Failures
A major new CFPB report assails the Big 3 credit bureaus for a series of excuses, “deficiencies” and failures. CFPB found that “Equifax, Experian, and TransUnion routinely failed to fully respond to...
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Whacked by bank or credit card junk fees? The CFPB wants to know.
If you’ve been whacked by unexpected or unfair penalty or other junk fees by a bank, mortgage company, or credit card company, the CFPB wants to hear from you. You can send the CFPB a comment on its...
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Crypto has gone mainstream. But where are the watchdogs?
Matt Damon strides past images of humankind’s boldest explorers: ocean voyagers, early aeronauts, mountaineers in a new cryptocurrency ad. If this were an ad for a new drug, or a regulated financial...
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CFPB focuses on consumer pain points
Yesterday’s announcement of a new report finding stupefying amounts of medical debt on consumer credit reports continues the Biden CFPB’s focus on identifying and responding to consumer pain points...
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Will buy now, pay later mean pain later?
In a new report, we question whether “Buy Now Pay Later” plans make “no fees or interest!” claims that may not be true. We find that you might be billed for canceled or backordered items, but neither...
View ArticleSTATEMENT: U.S. PIRG applauds SEC’s climate disclosure rule
For Immediate Release Monday, March 21, 2022Mike LittProposal would help investors make informed decisions about climate-related financial risksWASHINGTON -- The Securities and Exchange Commission...
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Banks, Credit Unions and Consumer Groups Call for Passage of Bipartisan...
For Immediate Release Tuesday, April 5, 2022Ed MierzwinskiConsumer_Banks_ILC_LTR.pngWashington, D.C. — A broad coalition of bank and credit union associations and consumer organizations submitted a...
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Senate Commerce to vote to restore FTC power to compensate victims of...
Last year, the Supreme Court eliminated the FTC's key authority to disgorge ill-gotten gains from corporate wrongdoers and use the money to compensate their victims. It was an unfortunate decision that...
View ArticleNew list: Approaching 11th anniversary, top 11 actions CFPB recently took...
For Immediate Release Tuesday, July 19, 2022Mike LittNew director Rohit Chopra, reversing CFPB course from Trump years, protects consumers, draws industry smear campaignWASHINGTON -- As the Consumer...
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