Risky contract-to-deed home sales are subject to the same protections as mortgaged-financed homes, the consumer protection agency said.
Category: Consumer Protection
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Samsung Recalls 1 Million Stoves That Started 250 Fires and Killed Pets
Thirty models of Samsung stoves were part of the recall over fires started by accidental contact.
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A Mortgage Alternative for Lower-Priced Homes Comes With Risks
Seller-financed loans known as “land contracts” don’t involve a bank and lack the consumer protections available with traditional home loans.
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Chase to Bar Customers From Using Credit Cards for ‘Pay Later’ Loans
Financial regulators and consumer advocates frown upon using credit cards to pay off installment loans because of the risk that consumers will dig themselves further into debt.
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Is Your Driving Being Secretly Scored?
The insurance industry, hungry for insights into how people drive, has turned to automakers and smartphone apps like Life360.
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C.F.P.B. to Create ‘Corporate Offender’ Registry
Most companies will be required to report government and court orders penalizing them for consumer protection violations.
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‘Buy Now, Pay Later’ Borrowers Get More Safeguards With New Rule
Shoppers who use the popular installment loans will be guaranteed some of the same consumer protections that traditional credit cards provide.
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What the Supreme Court Ruling Means for Other Consumer Bureau Actions
A score of court cases involving the Consumer Financial Protection Bureau can now proceed, but it is still likely to face legal challenges.
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Supreme Court Rejects Challenge to Consumer Watchdog’s Funding
A decision against the agency, the Consumer Financial Protection Bureau, could have cast doubt on all of its regulations and enforcement actions.
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Qantas to Pay $79 Million For Selling Tickets on Canceled Flights
Qantas, Australia’s national carrier, apologized and said it would pay a fine and compensation to settle a suit brought by a consumer watchdog.
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Medical Debt Shows Up Less Often on Credit Reports
But the Consumer Financial Protection Bureau said 15 million people still had medical bills in their files, which can make it hard to qualify for loans.