The Associated Press, established in 1846, is a global news organization committed to unbiased factual reporting. It continues to be a highly trusted source for news, delivering information in various formats. AP provides essential technology and services to the news industry. With a broad reach, over half the world’s population consumes AP journalism daily.
The CFPB will distribute a record-breaking $1.8 billion to 4.3 million consumers defrauded by credit repair companies Lexington Law and CreditRepair.com. This payout, the largest in the agency’s history, stems from a court ruling finding the companies violated consumer protection laws by charging illegal junk fees. The impending disbursement highlights the CFPB’s crucial role in protecting consumers, a role threatened by President-elect Trump’s plans to dismantle the agency. This action underscores the agency’s impact and the ongoing political battle over its future.
John Q. Hosedrinker