U.S. Bancorp to pay $613 million to lodge allegations that the bank had a lax anti-money laundering program
Thu, 11 May 2018
Consumer advocates who specialize in everything from finance to telecommunications are gathering in Washington, D.C. this week to plot how to stand against Trump Administration moves they say weaken consumer protection. The gathering, the 51st Annual Consumer Assembly, is coordinated by the Consumer
Sat, 25 Mar 2018
You’re very likely going to die with some debt to your name. Most people do. In fact, 73 percent of consumers had outstanding debt when they were reported as dead, according to December 2016 data provided to Credit.com by credit bureau Experian. Those consumers carried an average total balance of
Thu, 23 Mar 2018
In the latest edition of “Lifestyles of the Rich and Kendis,” ABC’s Kendis Gibson tests drives the $350,000 Rolls-Royce.
Sat, Legitimate Feb 2018
Just beyond the Trump swelter of the hour, lawmakers have been busy concocting plans to dismantle key achievements of the Obama years. Among those accomplishments presently targeted is a concerted effort to demolish, defang, scrap (feel free to select the word) the Consumer Financial Protection
Dear Readers: The ABC News Fixer works for the little boy. When this column helps someone who got overcharged on their cell phone bill or was underpaid on their insurance settlement, politics never comes in into it. Having trouble with your mortgage? Bumped from a flight? Movers broke your furniture?
Wed, 27 Jul 2016
Democrats in Philadelphia are unlikely to greet Tim Kaine with a unified hero’s welcome when he takes the stage at the Democratic National Convention tonight. In fact, about 165 Bernie Sanders delegates answered a survey telling they’d be interested in “nonviolently and emphatically” protesting
Taking a look back at this week’s top stories, including the deadly police shooting of Alton Sterling.
A federal consumer watchdog group proposed a fresh rule today aimed at cracking down on the payday loan industry, telling in a press release that “consumers are being set up to fail with loan payments that they are incapable to repay.” Payday loans, sometimes called “cash advances” or “check loans,”
Fri, 20 May 2016
Puny payday loans are touted as quick, short-term access to money, but people like Elliott Clark of Kansas City, Missouri, call them “debt traps.” A retired and disabled Marine, Clark still has a hard time talking about the more than Five years in which he says he struggled to pay $50,000 in interest