Financial Scams
New protections for payday and installment loans take effect March 30
- By ScamBuzz
- . 01/28/2025
Starting March 30, 2025, payday and installment lenders must begin complying with important new requirements when they try to collect money from borrowers’ accounts. The
Holding Credit Reporting Companies Accountable for Junk Data
- By ScamBuzz
- . 01/28/2025
Credit reports serve as economic gatekeepers for millions of Americans seeking to buy a home, start a business, or get a car loan. When these
LFG (Looking for gamers): CFPB wants to hear about your video game loot
- By ScamBuzz
- . 01/28/2025
Every year, Americans spend billions of dollars on video games and virtual worlds. A large portion of those expenses are purchases of gaming currency that
Strengthening Appraisal Oversight: Progress at the Appraisal Subcommittee
- By ScamBuzz
- . 01/28/2025
I am very pleased to provide this informal report on the progress made by the Appraisal Subcommittee (ASC) since I became Chair. Before detailing our
Back from the Dead: Zombie Second Mortgages
- By ScamBuzz
- . 01/28/2025
Forgotten second mortgages may be coming back to haunt homeowners who haven’t received notices or account statements for years. Some homeowners may have thought their
Holding Government Contractors Accountable for Wrongdoing
- By ScamBuzz
- . 01/28/2025
Today, the CFPB is announcing that Argus Information and Advisory Services, a subsidiary of TransUnion, has agreed in writing that it will not seek any
Strengthening State-Level Consumer Protections | Consumer Financial Protection Bureau
- By ScamBuzz
- . 01/28/2025
Consumer protection law has long been a core part of keeping markets fair and competitive. And the consumer protection framework has always been a partnership
What We’re Watching: Language Access in Consumer Finance
- By ScamBuzz
- . 01/28/2025
Approximately 26 million people in the U.S. speak English less than “very well” and are considered to have limited English proficiency. To better understand how
Mortgage Lenders Must Comply with the Law, Not Invent Loopholes
- By ScamBuzz
- . 01/28/2025
Today, the CFPB released a report, consumer advisory, and amicus brief on home equity contracts—often called home equity “investments.” These relatively new financial products can
