Court Shuts Down Credit Repair Scam That Impersonates FTC

A federal court has blocked the operations of an organization that calls itself “FTC Credit Solutions.” The organization used false association with the FTC to promote counterfeit credit fix services to Spanish-speaking consumers.

Group Practices Targeted in New CFPB Credit Card Study

The Consumer Financial Protection Bureau announced it’s adding two new issues – skill and debt collection practices -to-refund standards – to a planned second charge card marketplace study which could result in enforcement measures and new rules

Charge Card Debt Soars; Outlook Calls for More

U.S. credit card debt soared by $57.1 billion – up 47% – in 2014 compared to 2013 and the outlook calls for the total to reach $60 billion this year, according to a new survey from CardHub.