Term: Consumer Financial Protection Bureau
2 found

How Can You Prove a Debt Isn’t Yours?

By Steven Shaw on 6/17/2014
How Does a Debt Collector Validate My Debt?Getting a letter from a debt collector can be disconcerting, especially if you were not aware of having debt. Your initial communication from the collector, called a demand letter, should contain information indicating how you can request more details. By law, you may request the debt collector validate the debt, and the collector must respond within five business days. (Requesting that is especially smart if you are worried that the debt collector is not legitimate; a legitimate collector will respond.) You can find more information about your rights from the Consumer Financial Protection Bureau.
Consumer Financial Protection Bureau
debt collector
National Association of Consumer Advocates

CFPB Shifts Focus to Student Money Issues

By Steven Shaw on 2/8/2013

CFPB

As part of its ongoing effort to better protect consumers of all ages from potentially unfair or misleading accounts that can land them in money trouble, one federal watchdog is now collecting data related to financial products specifically for young adults.

The Consumer Financial Protection Bureau recently began asking college students to provide it with information related to the kinds of bank accounts and credit cards that are specifically targeted for their age group, in an effort to better understand the kinds of financial decisions and situations young adults face in their everyday lives, according to a report from the agency. While there have been many regulations put into place to better protect younger consumers who might be getting their first taste of financial independence in particular, the agency feels it needs to examine just how these accounts are working under the new regulatory microscope.

Pay Off Debts
CFPB
college students
Consumer Financial Protection Bureau
student credit cards