The Consumer Financial Protection Bureau (CFPB) released its latest monthly consumer complaint snapshot on Tuesday (March 1), showing a spike in recent months in the number of complaints from consumers about prepaid products. “Prepaid products provide a crucial financial lifeline to many unbanked and underbanked...
The Consumer Financial Protection Bureau said Tuesday (Feb. 23) that it has taken two separate actions against Citibank, tied to both illegal debt sales and illegal debt collection practices. In a release, the bureau stated that, in the case of the first action, the bank...
As American poet, entrepreneur and scholar Sean “P. Diddy/Puff Daddy/Puffy” Combs famously observed in his 1998 classic, “it’s all about the Benjamins (baby).” And at no time is that more clear than during quarterly earnings season and last week had a veritable buffet on order....
