We show 9 matches. Your results are currently filtered by Tag: Consumer Financial Protection Bureau

5 Deceptive Scams Small Businesses Should Be Aware Of
5 Deceptive Scams Small Businesses Should Be Aware Of

Posted: 5/6/2015

Small to medium-sized businesses, churches, and nonprofit businesses have been hit hard by unscrupulous scammers perpetrating various scams. Some common schemes that affect small businesses are office supply scams, domain registration plots, fake check tricks, charity cons, and directory listing scams. Business Consumer Alliance urges businesses and their employees to be on the lookout for scams and offers some identifying warning signs that can help you avoid them....Read more

Tags: scams, business tips, consumer tips

RushCard Ordered to Refund $10 Million to Harmed Consumers

Posted: 2/13/2017

RushCard Ordered to Refund $10 Million to Harmed Consumers

RushCard is a reloadable prepaid debit card operated by UniRush, LLC and cofounded by entrepreneur Russell Simmons. RushCard is marketed as a way to receive paychecks and benefits up to two days sooner through direct deposit. In October 2015, the company switched their payment processor to MasterCard. Unfortunately for many RushCard customers, the switch caused severe financial hardship for many. The Consumer Financial Protection Bureau (CFPB) has ordered RushCard and MasterCard to pay restituti...Read more

Tags: Rush Card, prepaid debit card, Consumer Financial Protection Bureau, restitution

Nation’s Largest Student Loan Company Sued

Posted: 2/2/2017

Nation’s Largest Student Loan Company Sued

On January 18, 2017, Navient Corporation (Navient) and its subsidiaries were hit with lawsuits from the Consumer Financial Protection Bureau (CFPB), Illinois Attorney General, and the Washington State Attorney General. All suits allege Navient failed its borrowers by not adequately fulfilling its role as servicer and cheating struggling borrowers....Read more

Tags: student loan, Consumer Financial Protection Bureau

New Protections for Prepaid Account Users

Posted: 1/13/2017

New Protections for Prepaid Account Users

With so many consumers already a part of the prepaid account market, and many more projected to be using these financial products in the future, new protections will go into effect late 2017 to protect prepaid account users. Check out a breakdown of what is to come....Read more

Tags: Consumer Financial Protection Bureau, prepaid debit card, new laws

Kim’s Catch: RushCard

Posted: 1/9/2017

Kim’s Catch:  RushCard

RushCard, owned by UniRush LLC, and one of the many businesses operated by music/entertainment mogul Russell Simmons, has received plenty of backlash from customers as of late. Distraught consumers have turned to Business Consumer Alliance to beg for help getting access to their funds...Read more

Tags: prepaid debit card, Consumer Financial Protection Bureau, Kim's Catch

Wells Fargo Fined $185 Million for Bogus Account Scheme

Posted: 9/16/2016

Wells Fargo Fined $185 Million for Bogus Account Scheme

Wells Fargo was hit with the largest penalty to date from the Consumer Financial Protection Bureau (CFPB) on September 8, 2016, to the tune of $100 million....Read more

Tags: Consumer Financial Protection Bureau, Wells Fargo, refunds

First National Bank of Omaha to Pay $32.25 Million

Posted: 9/14/2016

First National Bank of Omaha to Pay $32.25 Million

Thousands of First National Bank of Omaha (the “Bank”) customers will be receiving their portion of the $27.75 million the Bank was ordered by the Consumer Financial Protection Bureau (CFPB) to pay on August 20, 2016. This was the result of an investigation that found some 275,000 consumers harmed by illegal practices in connection to credit card add-on products....Read more

Tags: Consumer Financial Protection Bureau, credit card charges

Santander Bank N.A. to Pay $10 Million for Deceptive Tactics

Posted: 8/25/2016

Santander Bank N.A. to Pay $10 Million for Deceptive Tactics

Find out why this national bank was ordered to pay $10 Million in penalties for illegal practices and get tips to avoid overdraft fees....Read more

Tags: Consumer Financial Protection Bureau, banking, over draft fees

Kim’s Catch: BCA Helps Authorities Shutdown Debt Relief Scheme

Posted: 5/3/2016

Kim’s Catch:  BCA Helps Authorities Shutdown Debt Relief Scheme

Business Consumer Alliance aided the Consumer Financial Protection Bureau (CFPB) in their case against F-rated debt relief scheme, Morgan Drexen. We provided 244 consumer complaints to the agency who filed suit against the company and its CEO, Walter Ledda, for scheming debt-ridden consumers into paying up-front fees for debt relief services that, in most cases, were never fulfilled....Read more

Tags: Kim's Catch, debt relief, Consumer Financial Protection Bureau, scam company