The Nonprofit Loophole in Credit Repair Law: How Big Is It Really?
Federal credit repair law exempts 501(c)(3) nonprofits. Here is what that carve-out actually does, and how to check any organization.
credit repair scams
They Said You Can Legally Buy a CPN for a Fresh Credit File. It’s a Federal Crime.
CPN sellers promise a legal fresh credit file. No law creates CPNs — the numbers are fabricated or stolen (often from children), and buyers have gone to federal prison.
They Said to Dispute Everything as Identity Theft. That TikTok Trick Is a Federal Crime.
Viral TikTok “credit sweeps” tell you to dispute every debt as identity theft. The FTC warned in January 2026: that’s a federal crime, not a loophole. Here’s the truth.
New Bill Would Ban Credit Repair Companies From Charging Until They Prove Results
Bipartisan Ending Scam Credit Repair Act would ban upfront fees, prohibit dispute jamming, and require state registration for credit repair companies. Here’s what it means.
CFPB Drops 20+ Consent Orders: Toyota’s $60M, Citibank Walk Free
Since January 2025, the CFPB has terminated over 20 consent orders against banks and lenders—including a $60 million Toyota settlement and a Citibank discrimination case. With the agency potentially months from shutdown, here’s what consumers need to know.
Credit Repair vs. Credit Fraud: Myth vs Reality
Learn the difference between legitimate credit repair and illegal credit fraud. Steve Rhode and Damon Day explain what you can dispute and scams to avoid.
CFPB Shutdown Complaints: What It Means for You
Quick Answer: The CFPB shutdown means consumers lose the agency that recovered $21 billion from financial institutions since 2010 and protected against overdraft fees, credit card disputes, and predatory lending. Without this oversight, banks and lenders face fewer restrictions on fees and potentially harmful practices toward consumers.Imagine waking up to find that all the rules …
