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Regulatory agency issues ruling to protect consumers from bad practices of credit reporting agencies. The Consumer Financial Protection Bureau (CFPB) has issued new guidance to credit reporting agencies - firms like Equifax, TransUnion, and Experian - in order to protect consumers engaged in disputes over errors on credit reports.

Consumer Product Safety Commission finalizes rules designed to protect young children. The Consumer Product Safety Commission (CPSC) this week finalized two rules related to window coverings this week. The rules are designed to protect young children (under 8 years old) from the risk of strangulation posed by cords connected to the coverings.

Federal regulator says companies to be held liable when consumer data is threatened, breached. The Consumer Financial Protection Bureau (CFPB) announced this week it is taking action to ensure the safety of consumer data.

Bureau joins with Department of Justice in statement on protections for military servicemembers. The Consumer Financial Protection Bureau (CFPB) joined with the U.S. Department of Justice (DOJ) to issue a statement of warning to auto finance companies relative to special protections provided to members of the military when it comes to consumer finance. The protections are a part of the Servicemembers Civil Relief Act (SCRA), which provides a means of recovery should servicemembers face malfeasance in the consumer finance space. This includes areas like borrowing for a home mortgage or the purchase of a car.

Annual report reveals scope of abuse in debt collection industry. The Federal Trade Commission (FTC) issued its annual report on enforcement of the Fair Debt Collections Practices Act (FDCPA) today and revealed that its enforcement actions resulted in millions of dollars of refunds to consumers who were victims of abusive debt collectors.