For over a decade, credit card giants have exploited a loophole to harvest billions of dollars in junk fees from consumers. Today, the consumerfinance.gov is closing this loophole and reducing the typical credit card late fee from $32 to $8. consumerfinance.gov/about-us/newsr…

Today, President Biden issued an Executive Order to protect individuals and our national security from the threats posed by corporate data brokers. The consumerfinance.gov will be proposing rules to rein in some of the round-the-clock surveillance by these outfits. whitehouse.gov/briefing-room/…

Today, the consumerfinance.gov and FTC took multiple enforcement actions against TransUnion, the credit reporting conglomerate that harvests and monetizes our sensitive personal data. $TRU consumerfinance.gov/about-us/newsr…

Thank you Matthew Liedke 🖊️ at Franchise Times. Thank you FTC Chair Lina Khan for joining AAHOA, American Association of Franchisees & Dealers, and The Coalition Of Franchisee Associations for this important discussion. franchisetimes.com/franchise_news…

After consumerfinance.gov research that called into question the accuracy of medical bills on consumer credit reports, Equifax Inc., Experian, and TransUnion have removed medical debts under $500. washingtonpost.com/business/2023/…

Huge announcement by the Secretary of Agriculture at the National Farmers Union convention today on Product of USA rules. I’ve been fighting for this since 2015.

FTC Chair Lina M. Khan issued the following statement regarding the White House renomination of Rebecca Kelly Slaughter to serve as an FTC Commissioner: bit.ly/3YyhFAX

Today, the consumerfinance.gov proposed a rule to curb excessive credit card penalty fees. We project that this could save Americans as much as $9 billion in credit card late fees each year. consumerfinance.gov/about-us/newsr…

When buying or selling a home, the process often involves getting an independent valuation, also known as an appraisal. Unfortunately, too many appraisals are inaccurate and biased. nytimes.com/2022/11/02/rea…

Today, the consumerfinance.gov is ordering Wells Fargo to pay $3.7 billion for its rampant mismanagement and widespread illegal activity on auto loans, mortgages, and bank accounts. $WFC consumerfinance.gov/about-us/newsr…

Today, the consumerfinance.gov issued two reports on the tenant background check industry. These reports describe how sloppy data can result in renters paying higher costs or being locked out of good housing. consumerfinance.gov/about-us/newsr…

Today, we celebrate the individuals who dedicate their lives to feeding and fueling the world ❤️

#NationalFarmersDay

The FDIC board voted to approve Walden Mutual Bank's application for FDIC insurance.

This is the first approval in 50 years for a depositor-owned mutual bank.

Today, the consumerfinance.gov sued ACE Cash Express, a major payday lender, for concealing free repayment plan options and improperly withdrawing money from customer bank accounts. consumerfinance.gov/about-us/newsr…

Today, the consumerfinance.gov announced that it is taking the first step to update regulations on credit card late fees. We have identified a potentially problematic provision that contributes to the $12 billion pot of penalties that Americans pay each year. consumerfinance.gov/about-us/newsr…

Firms across the economy are extracting detailed data about our thoughts and movements to feed their mysterious algorithms. Today, consumerfinance.gov issued policy guidance that requires financial firms to explain why their algorithm denied credit to an applicant. consumerfinance.gov/about-us/newsr…

When colleges and universities hold a student’s transcripts hostage, sometimes for unpaid amounts as little as $25, they undermine their own student’s success and the promise higher education should hold. consumerfinance.gov/about-us/blog/…

For decades, many government agencies have turned a blind eye to pressing problems facing families, farmers, and businesses in rural communities.

A new consumerfinance.gov report highlights some of the challenges faced by rural communities in the financial system. consumerfinance.gov/about-us/newsr…

If any individuals, including current or former employees, have information relevant to any related misconduct by TransUnion, they can report it by e-mailing [email protected] or calling the Whistleblower Tip Line at (855) 695-7974. consumerfinance.gov/enforcement/in…

Today, the consumerfinance.gov is filing a major lawsuit against TransUnion and a longtime executive.

TransUnion, one of the big 3 credit reporting conglomerates, brazenly violated a law enforcement order and deviously deployed digital dark patterns to trick people. consumerfinance.gov/about-us/newsr…