Latest U.S. Consumer Financial Protection Bureau News
Citigroup discriminated against Armenian Americans, federal regulator says; bank fined $25.9 million
NEW YORK (AP) — Citigroup intentionally discriminated against Armenian Americans when they applied for credit cards, the Consumer Financial Protection Bureau said Wednesday. The bureau said some bank employees argued internally that Armenian Americans were more likely to commit...
CFPB, FTC fine TransUnion $23M for tenant screening and security freeze failures
NEW YORK (AP) — Federal regulators fined credit-reporting agency TransUnion a total of $23 million for tenant screening and security freeze failures on Thursday. The Consumer Financial Protection Bureau and the Federal Trade Commission fined TransUnion $15 million because the...
How to complain about your upcoming student loan bill
The return of federal student loan bills may feel like a bad dream. And if poor guidance from your servicer, an incorrect balance or other account errors keep you up at night, consider filing a complaint. Borrowers filed about 101,500 student loan complaints with the Federal Student...
Biden aiming to scrub medical debt from people's credit scores, which could up ratings for millions
WASHINGTON (AP) — Vice President Kamala Harris said Thursday that the Biden administration is taking the first steps toward removing medical bills from people's credit scores, which could improve ratings for millions of people. Harris said that would make it easier for them to...
Student loans are back. Is it time to consolidate your credit card debt?
The federal student loan payment pause that began in March 2020 is ending. Loans began accruing interest on Sept. 1, and borrowers will start making payments in October. But the restart comes at a tricky time for Americans’ finances. Credit card debt is at a record high — $1...
Millennial Money: 5 options if you’re crushed by student loan and credit card debt
The return of federal student loan payments in October has the potential to derail your finances, especially if you’re already struggling with credit card payments. One in five student loan borrowers have risk factors that suggest they could struggle with student loan payments when...
