Is the CFPB too powerful?

Is the CFPB too powerful?

Will Congress cut the agency’s budget? by Carol Thompson The Consumer Financial Protection Bureau (CFPB) has been making great strides in protecting the consumer from unscrupulous creditors, mortgage lenders, and non-bank service providers and recently issued a...
CFPB take action against military allotment processor

CFPB take action against military allotment processor

by Carol Thompson Washington’s relatively new agency, the Consumer Financial Protection Bureau, has been aggressively cracking down on those who have been taking advantage of consumers (see related story). The most recent action taken by the agency is...
Plaintiffs allege Amazon’s arbitration clause unconscionable

Plaintiffs allege Amazon’s arbitration clause unconscionable

by Carol Thompson What started as a blender purchase has become a mishmash of allegations against Internet giant Amazon. In court papers filed April 15, Andrea Fagerstrom and Allen Wiseley allege that Amazon should not be allowed to hold customers to its...
Ripoff Report’s Magedson wins defamation suit

Ripoff Report’s Magedson wins defamation suit

by Carol Thompson Ed Magedson, whose company, Xcentric Ventures, operates the website RipoffReport.com, has been involved in nearly 100 lawsuits and has yet to lose a case. The most recent case is no different. A lawsuit was filed by attorney Richard A. Goren in...
Dropbox’s opt-out arbitration clause: Is it for real?

Dropbox’s opt-out arbitration clause: Is it for real?

by Carol Thompson Forced arbitration clauses are everywhere, including the popular file sharing and storage company Dropbox. The arbitration clause means that should an individual be harmed in any way, or have a dispute with Dropbox, the matter must be taken to...