Bank of America Pays $1.21 Billion After Missing $5 Billion in Suspicious Transactions
Days after American Express was fined $350 million over a weak money-laundering watch, Bank of America has agreed to pay more than $1.21 billion […]
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Coverage for CFPB actions, credit-reporting law changes, identity-theft developments, and major data breaches that can affect consumers' credit files or fraud risk.
American Express Hit With $350 Million Fine Over Money-Laundering Watch Failures
American Express has been fined $350 million by two federal regulators who say the company’s bank spent years running a money-laundering watch program that […]
FTC Warns Fake Rental Listings Can Become Identity-Theft Traps
The FTC says rental scams do not just steal deposits. They can also collect enough personal data to create longer fraud and credit-report headaches.
FTC Says RentGrow Screening Errors Could Cost Renters Housing
The FTC says tenant-screening reports still have to meet Fair Credit Reporting Act standards for accuracy and source disclosures.
FTC: Military Debt Relief Pitches Can Be a Credit Scam
The FTC says scammers are using fake military debt-forgiveness promises to collect fees and personal information from service members and veterans.
FTC: Identity Theft Victims Have a Right to Key Fraud Records
The FTC says companies cannot ignore Fair Credit Reporting Act duties when identity theft victims ask for transaction records tied to fraud.
FTC Says Imposter Scams Cost Consumers $3.5 Billion in 2025
New FTC data show imposter scams remain a huge threat, especially when criminals pose as banks, government agencies, or familiar brands.
FTC Says Jury-Duty Threat Scams Can Lead to Fraud Losses Fast
The FTC warns that fake arrest threats tied to jury duty can push people into payment-app losses and identity exposure before they can think clearly.
After the Canvas Cyberattack, Expect the Second Wave of Scams
The FTC warns that after a breach headline, scam texts, calls, and emails often arrive before consumers have solid facts.
FTC: Surprise Credit Card Rate-Lowering Offers Are a Red Flag
The FTC says cold calls offering quick interest-rate relief often depend on fees, vague promises, and pressure that do not solve the real debt problem.