Articles By This Author

Financial Scams

What Buy Now, Pay Later lenders are doing to be upfront with borrowers

One of the ways that the CFPB promotes more innovation in the market and competition for consumers is by increasing transparency about how existing laws

Breaking News & Top Stories

Frontier makes a second bid for Spirit with budget airlines struggling

NEW YORK — Frontier Airlines is attempting for a second time to merge with the now bankrupt Spirit Airlines, which declared bankruptcy late last year

Business & Employment Scams

White Paper: Payment Fraud Prevention

This free white paper from The Fraud Practice discusses the dual mandates of a successful payment fraud prevention strategy: responding to fraud attacks immediately with

Financial Scams

What we’re learning: Medical debt’s impact on Alaska Native communities

This week, CFPB Director Rohit Chopra will visit Alaska to meet with Tribal leaders, financial institutions, and consumer advocates to discuss the consumer finance issues

Breaking News & Top Stories

WATCH: F-35 jet crashes in Alaska, pilot ejects safely

Video circulating online shows the fighter jet crashing into flames at Eielson Air Force Base and the pilot parachuting to the ground.  Source link

Business & Employment Scams

Apparel Retailer Suffers Data Breach via Credential Stuffing Bot Attack

Fraudsters accessed the rewards platform of clothing retailer Hot Topic impacting an unknown number of customers and compromising personally identifiable information (PII). The unauthorized account

Financial Scams

Preserving free access to money in your account

A key priority for the CFPB is preserving relationship banking in an era of increasing digitization. Over the last year, we have been carefully studying

Breaking News & Top Stories

WATCH: Over 100 kids attend boozy house party at school principal's home: Cops

The homeowner was quickly identified to be Elizabeth Hill-Brodigan, the principal of nearby Roosevelt Elementary School, police said. Source link

Business & Employment Scams

Merchant eCommerce Payment Fraud Losses Expected to Exceed $90 Billion Annually by 2028

A recent report from Juniper Research forecasts eCommerce merchant payment fraud losses to exceed $362 billion globally during the five year period ending in 2028,

Financial Scams

Promoting competition in payments | Consumer Financial Protection Bureau

As consumers increasingly move and store their money using mobile device apps, we have seen a rise in Big Tech conglomerates extending their reach into