General World News

CFPB issues warning on “fine-print tactics” used to “trick” consumers

On an enforcement streak since the U.S. Supreme Court rejected a challenge to its funding mechanism in mid-May, the Consumer Financial Protection Bureau (CFPB) is now targeting the use of what it deemed “unlawful or unenforceable” terms and conditions in contracts.

On Tuesday, the U.S. consumer financial watchdog released a circular warning companies that use “fine-print tactics to trick consumers” about the risk of violating the Consumer Financial Protection Act.

In practice, the CFPB said companies are using terms and conditions that make consumers give up certain legal rights and protections. A common issue is details ⇒

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