Today, the Consumer Financial Protection Bureau is expected to issue new rules for prepaid debit cards, which tend to offer weaker consumer protections than those provided by traditional debit cards, yet are being used by many in the U.S. as a substitute for bank accounts.
On the third anniversary of the Credit Card Accountability Responsibility and Disclosure Act being signed into law, the average debt has declined, but many Americans are still using credit cards as a way to cover basic living expenses, according to a national survey from the policy center Demos.
Starting this week more than 27,000 consumers who purchased certain vacuum cleaners and air purifiers made by Oreck will be getting checks for $25 from the Federal Trade Commission under an agreement between the government and the manufacturer. Oreck claimed its Halo vacuum and ProShield Plus air purifier could reduce the risk of flu and other illnesses, and eliminate virtually all common germs and allergens. Last year Oreck agreed to pay the FTC a $750,000 fine.
We've told you before to stay away from so-called toning shoes because of apparent safety risks. Yesterday's settlement between the Federal Trade Commission and Skechers over the company's deceptive and unsupported claims gives you another reason to consider other fitness footwear.
For the fourth time in 14 years, the Federal Trade Commission has taken action against the nation's largest charge-it-to-your-phone-bill company, Billing Services Group (BSG), for alleged "cramming," or placement of unauthorized charges on consumers' phone bills.
The Federal Communications Commission has issued an enforcement advisory on prepaid phone cards, following the latest study from Consumer Reports on the problems they pose for vulnerable, low-income communities.
Suppose you went into a convenience store to buy a container of milk for $2, but didn't know whether the clerk behind the counter was going to give you a pint or a gallon.
The Federal Communications Commission has taken steps to protect you from difficult-to-detect fraudulent charges on your landline phone bill. The new FCC rules combat illegal placement of unauthorized charges.
Life insurance benefits typically are not paid until a beneficiary files a claim after a policyholder dies. But family members often are unaware that their deceased loved ones had a policy, and insurers historically have made little effort to learn when their policyholders die and track down beneficiaries.
Interest rates on new subsidized Stafford student loans will double to 6.8 percent if Congress doesn't extend a cap that has helped make the loans more affordable.
Some postal customers are getting bogus e-mails about a package delivery or online postage charges that contain a link or attachment that, when opened, installs a virus that can steal personal information.
The Federal Communications Commission today launched a new 'bill shock' website that tracks how the major U.S. wireless carriers alert you when you're at risk of going over your usage limits for voice, data, and text.
By 2020, mobile payments will have gained mainstream acceptance and could largely replace cash and credit for most online and in-store purchases, according to a new survey of technology experts and stakeholders by the Pew Internet & American Life Project released today.
The bank that triggered a flurry of consternation this week over its apparently successful challenge to the 2009 Credit CARD Act offers a credit card for subprime borrowers that prompted a warning last year from Consumer Reports.
The Consumer Financial Protection Bureau has launched the next phase of its Know Before You Owe student loan project by releasing the Financial Aid Comparison Shopper, an interactive, online tool you can use to help plan for college costs.