Regions Bank Fined $7.5 Million for Unlawful Overdraft Practices
Today, Regions Bank was fined $7.5 million by the Consumer Financial Protection Bureau for unlawfully charging thousands of consumers for overdraft protection. The bank also charged overdraft and...
View ArticleLowCards.com Weekly Credit Card Update–May 1, 2015
Scott Walker Is Just Like You! In Debt Scott Walker has preached fiscal responsibility from the onset of his political career. But will his credit card debt undermine his message? Scott Walker owes...
View ArticleCFPB Slams Two Credit Card Add-On Companies for Unfair Billing Practices
Today, the Consumer Financial Protection Bureau has fined two companies, Intersections, Inc. and Affinion Group Holdings, Inc, for selling credit card add-on products to consumers, but never providing...
View ArticleCitibank to Refund $700 Million Over Illegal Credit Card Practices
Today, the Consumer Financial Protection Bureau has ordered Citibank to refund $700 million to 8.8 million customers for illegal credit card practices. The CFPB said Citibank engaged in deceptive...
View ArticleLowCards.com Weekly Credit Card Update–July 15, 2016
Nearly 1 in 3 Consumers Victimized by Card Fraud Thirty percent of consumers globally have experienced card fraud in the past five years. Card fraud rates–unauthorized activity on three types of...
View ArticleLowCards.com Weekly Credit Card Update–October 14, 2016
Goldman Targets Credit Card Borrowers with New Lending Business Goldman Sachs has launched a new online lending business that targets borrowers saddled with credit-card debt. The business, called...
View ArticleTransUnion, Equifax Fined by CFPB for Deceiving Consumers
Credit reporting agencies TransUnion and Equifax were fined by the Consumer Financial Protection Bureau today for deceiving consumers about the usefulness and actual cost of credit scores they sold....
View ArticleAmerican Express Ordered to Pay $96 Million by CFPB
American Express has been ordered by the Consumer Financial Protection Bureau (CFPB) to pay $96 million to customers in Puerto Rico and other U.S. territories. Federal regulators said they issued the...
View ArticleCFPB Has Recovered $14 Million for Consumers in 2017
The Consumer Financial Protection Bureau released a report yesterday detailing the success of its investigative efforts. The Bureau has recovered a total of $14 million for consumers in the first half...
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