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At the Consumer Finance Review Board, we research and share current developments in banking, lending, insurance, investing, and consumer protection.
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CFPB Study Reveals Massive Credit Card Data Breach Exposure Fueling Fraud Attacks in 2025
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has released a major new analysis showing that credit and debit card data breaches have reached their highest levels on record, directly fueling the surge in card fraud throughout 2024–2025. The...
Banks Sound Alarm on Tap-to-Pay Reader Fraud: How Criminals Use Wireless Scanners With Smartphones in 2025
CHARLOTTE, N.C. — Major U.S. banks, including Bank of America, Chase, Wells Fargo, Capital One, and U.S. Bank, have issued new alerts in 2025 warning consumers of a dramatic rise in tap-to-pay reader fraud involving wireless scanners and modified smartphones. These...
DOJ Charges Organized Crime Ring for Gas Pump Skimmers That Stole Credit Cards Across 10 States
WASHINGTON — In a sweeping federal operation, the U.S. Department of Justice (DOJ) has announced charges against an organized crime ring responsible for installing gas pump skimmers at fuel stations across 10 states, stealing thousands of credit and debit cards from...
FBI Reports Surge in NFC & Contactless Card Cloning as Millennials Become Top Targets in 2025
WASHINGTON, D.C. — The Federal Bureau of Investigation (FBI) has issued a nationwide alert warning that NFC (Near-Field Communication) and contactless card cloning attacks have surged dramatically in 2025. Criminals are exploiting both hardware-based and...
FDIC Warns of Hidden ATM Skimmers and Tap-to-Pay Card Fraud in 2025
FDIC Warns of Hidden ATM Skimmers and Tap-to-Pay Card Fraud in 2025 WASHINGTON, D.C. — The Federal Deposit Insurance Corporation (FDIC) has issued a new consumer advisory warning Americans about a sharp increase in ATM skimmers and tap-to-pay card fraud in 2025. These...
FTC Reports Explosive Growth in Social Media Fraud — Americans Lose Billions in 2025
WASHINGTON, D.C. — Social media fraud has surged to record levels in 2025, according to the Federal Trade Commission (FTC), with Americans losing billions of dollars to scams spread across Facebook, Instagram, TikTok, Snapchat, YouTube, and encrypted messaging apps....
FBI: AI-Generated Email Scams Surge as Phishing Hits Record Highs in 2025
WASHINGTON, D.C. — The FBI is warning Americans that AI-generated email scams have reached unprecedented levels in 2025, with phishing attacks now accounting for the majority of reported cybercrime incidents nationwide. According to the FBI’s Internet Crime Complaint...
CFPB Issues Warning on Rising Text Scams and Bank Account Takeovers in 2025
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) is sounding the alarm on a nationwide surge in text-message scams and bank account takeover attempts, many of which exploit stolen personal data and advanced social engineering techniques. According to...
FBI Warns Americans of Surging Phone, Text, and Email Scams as AI-Driven Fraud Explodes in 2025
WASHINGTON, D.C. — The FBI is warning Americans of a sharp rise in phone, text-message, and email scams fueled by AI-generated voices, sophisticated spoofing tools, and stolen personal data purchased from online data brokers. According to the FBI’s Internet Crime...
Financial Resilience
Turning Policy Uncertainty Into Long-Term Opportunity (Part 4 of 4 — Series by the Consumer Finance Review Board) 1. Beyond the Turbulence If 2025 taught investors anything, it’s that disruption no longer arrives in isolation.From California’s Proposition 50 and New...