Category Archives: Uncategorized

CFPB report estimates $88 billion in medical bills on credit reports

A new Consumer Financial Protection Bureau report highlights "the complicated and burdensome nature of the medical billing system in the United States." The report reveals that the U.S. healthcare system is supported by a billing, payments, collections, and credit reporting infrastructure where mistakes are common, and where patients often have difficulty getting these errors corrected […]

Webinar: What to Know About College Students, Cryptocurrencies, and Scams

On March 9, as part of National Consumer Protection Week, the Federal Trade Commission and National Student Employment Association are presenting a free webinar called "What to Know About College Students, Cryptocurrencies, and Scams." Here is the description: You’ve probably heard of cryptocurrency, but do you know how it works? This webinar will go over […]

Consumer Advocates Propose New Model State Consumer Protection Act

The LA Times and Ralph Nader have already written about it. Here's the press release, which includes links: Hacked by Big Corporations, America’s Civil Justice System Has Crashed, Consumer Advocates Say Report Details Impact on Consumers – and Democracy – of Corporate Attack on the Rule of Law, Proposes New Protections and Legal Procedures Contact: Harvey […]

CFPB reforms the process for submitting petitions for rulemaking

The Consumer Financial Protection Bureau today announced reforms in the process for submitting citizen petitions, through which members of the public can request that the agency initiate a new rulemaking, amend an existing rule, or repeal a rule. The CFPB will post petitions on public dockets for review and comment. The CFPB's announcement is here. […]

DC’s $4 million settlement with predatory online lender will compensate thousands of District consumers

District of Columbia Attorney General Karl Racine today announced that Elevate Credit, Inc., predatory online lender, will pay at least $3.3 million to refund over 2,500 District consumers who were misleadingly marketed high-cost loans and lines of credit, waive over $300,000 in interest owed by those consumers, and pay $450,000 to the District. The company […]