FTC Permanently Bans Firms from Debt Relief After Scams

The defendants who defrauded credit card debtors must surrender assets. The Federal Trade Commission (FTC) successfully sued operators of a credit card debt relief scheme that was located…

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President’s Administration Warns Financial Firms of AI Risks

Decisions made with data sets can lead to more discrimination, not less The heads of the Consumer Financial Protection Bureau, the Justice Department’s civil rights unit, and the…

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Federal Reserve Raises Interest Rates Again

The result will be tighter credit options for households.  At its meeting on Wednesday, the Federal Reserve raised interest rates to a target range of 4.75% to 5%,…

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Nation’s Household Debt at $16.9 Trillion 

Greatest increase in two decades hits record.  A new report from the Federal Reserve reveals that U.S. household debt has risen to a record $16.9 trillion in the…

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Administration Proposes Lower Credit Card Fees

Late fees would be capped at $8.  The Consumer Financial Protection Bureau is proposing an update to the 2009 regulation from the Credit Card Accountability Responsibility and Disclosure…

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FTC Finds Mastercard Violated Durbin Amendment

Order submitted to stop the company’s block of competing processing networks. The Federal Trade Commission (FTC) has found Mastercard’s online business practices to be a violation of the…

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