Articles Tagged with consumer protection attorneys

Wells Fargo and home warranty company American Home Shield (AHS) have been accused in dozens of consumer complaints filed online and with the Federal Trade Commission of charging unsuspecting mortgage customers with a bill for an “optional” home warranty product.consumer protection lawyer

The issue was first reported by The Capitol Forum, a paywall-blocked investigative outfit catering to investors and policymakers. Customers who were surprised to discover the bill on their mortgage payments found it difficult if not impossible for Wells Fargo to remove it.

One customer told investigators he had never been contacted with any offer, nor did he approve it. Yet he was billed an extra almost $50 on his mortgage bill. The bank promised to fix the issue, but the charge showed up again the next month too. Continue reading

In the wake of the economic crisis largely fueled by weak financial regulations and poor consumer protections, the federal government enacted the Consumer Financial Protection Bureau. It was part of the Dodd-Frank Consumer Protection Act, which included a number of elements that shielded consumers from abusive and predatory practices and extended power to hold violators to account. consumer protection

Now, the Trump administration and Republican Congress have made it clear they intend to weaken the CFPB, and slash other consumer protection too.

Just recently, the Treasury Department issued a report that proposes a major weakening of the act, dramatically reducing the role of the federal government in overseeing the consumer financial services market. In particular, the CFPB would be constrained to a major degree. Republicans have been after the CFPB since it was created and began providing regulatory oversight for seven different federal agencies. While even lenders have seen the value in consolidation of regulatory compliance, conservative lawmakers continue to try to undercut the act and the consumer protection it provides.  Continue reading