In yet another sign of the mainstreaming of prepaid debit cards, the Consumer Financial Protection Bureau (CFPB) announced this week that it would begin accepting complaints from Americans encountering problems with these increasingly popular financial products. Although the market for prepaid debit cards has been steadily expanding and attracting big name financial players like American… Continue reading CFPB To Police Prepaid Debit Cards
Tag: Consumer
Consumer Financial Protection Report: Mishandling Credit Report Errors, Hassling Consumers and More
Harassing phone calls. Credit report errors. Payday loan company employees showing up at a customer’s workplace demanding money. These are just some of the more troubling findings in a recent report from the Consumer Financial Protection Bureau (CFPB), which was set up in the wake of the financial meltdown to police financial products and services.… Continue reading Consumer Financial Protection Report: Mishandling Credit Report Errors, Hassling Consumers and More