The Dispatch Briefing
CFPB Addresses Bilt Card Issues, FTC Warns of Summer Scams, Fed to Release Stress Test Results
The CFPB is working to resolve issues impacting Bilt credit card users, while the FTC has issued multiple alerts on prevalent summer scams targeting consumers. Meanwhile, the Federal Reserve is preparing to publish its annual bank stress test results.
Consumer Financial Protection Bureau Initiatives
The Consumer Financial Protection Bureau (CFPB) has been actively engaged in ensuring fair outcomes for consumers affected by operational challenges. The CFPB reported on June 2, 2026, that it is working to ensure consumers affected by Bilt’s transition to a new bank partner are appropriately remedied. Officials from the CFPB met with Bilt to understand the issues and the steps taken to address customer concerns [CFPB Newsroom].
Additionally, the CFPB, along with other agencies, announced the dollar thresholds for Truth in Lending (Regulation Z) and Consumer Leasing (Regulation M) rules, as well as the exemption for smaller loans from appraisal requirements for higher-priced mortgage loans for 2026. The threshold for higher-priced mortgage loans subject to special appraisal requirements will increase from $33,500 to $34,200 [CFPB Newsroom].
Federal Trade Commission Alerts on Scams
The Federal Trade Commission (FTC) has released several consumer alerts highlighting various scams to protect individuals during the summer season. A recent alert from June 17, 2026, advises consumers on how to avoid travel scams, particularly when seeking vacation deals [FTC Consumer Alerts]. The FTC also utilized World Elder Abuse Awareness Day, on June 15, 2026, to raise awareness about elder financial exploitation, including imposter scams [FTC Consumer Alerts].
Other notable scam warnings from the FTC include: ignoring calls or texts threatening arrest for missed jury duty (June 11, 2026), being wary of government impersonators when searching for health insurance online (June 9, 2026), identifying CAPTCHA scams (June 8, 2026), and recognizing fake check scams targeting childcare providers (June 4, 2026). The FTC also clarified that real FTC employees will not text photo IDs for identity verification (June 3, 2026) [FTC Consumer Alerts].
Federal Reserve Updates and Economic Data
The Federal Reserve Board is set to release the results from its annual bank stress test on Wednesday, June 24, at 4 p.m. EDT [Federal Reserve Press Releases]. These tests are crucial for assessing the resilience of major financial institutions to adverse economic conditions. Earlier in June, the Federal Reserve Board also requested public comment on a proposal to require certain payment stablecoin issuers to maintain an effective customer identification program [Federal Reserve Press Releases]. This indicates a focus on regulatory frameworks for emerging financial technologies.
Furthermore, the Federal Reserve Board and Federal Open Market Committee (FOMC) released economic projections following their June 16-17 FOMC meeting, and the FOMC issued a statement regarding monetary policy [Federal Reserve Press Releases]. These announcements provide insights into the central bank's economic outlook and policy decisions, which can influence consumer lending and borrowing conditions.
Keep Reading
CFPB Highlights Financial Literacy, FTC Warns of Scams Targeting Scammed Consumers
The CFPB recently emphasized the importance of financial literacy, while the FTC issued a consumer alert regarding new scams that target individuals who have previously fallen victim to fraud. This highlights ongoing efforts to both educate and protect consumers from financial harm.
FTC Warns Against Recovery Scams; CFPB Addresses Consumer Complaints, Financial Literacy
The Federal Trade Commission recently issued a consumer alert regarding 'recovery scams,' which target individuals who have previously fallen victim to fraud. Meanwhile, the Consumer Financial Protection Bureau continues efforts to enhance its complaint system and promote financial education.
CFPB Addresses Consumer Complaints and Financial Literacy; FTC Warns on Scams
The CFPB is working to restore the integrity of its consumer complaint system and focusing on financial education. Meanwhile, the FTC has issued multiple warnings regarding scams targeting consumers, especially military personnel and those seeking health or debt relief.
How to Read Debt Relief Company Complaints
Consumer complaint databases serve as an early-warning tool to identify patterns of misleading savings claims and undisclosed fees. Effective research requires searching a provider's full legal name rather than just its brand. Readers should evaluate how companies respond to disputes to determine if they transparently disclose the risks of credit damage and potential lawsuits.
Debt Payoff Calculator: Find Your True Payoff Date
A debt payoff calculator provides borrowers with a definitive calendar date for becoming debt-free based on specific interest rates and monthly payments. By comparing different scenarios, users can see how modest payment increases significantly reduce total interest costs. These tools help determine if a self-directed plan is sustainable or if professional debt relief is necessary.
How Long Does Bankruptcy Stay on Your Credit Report?
Chapter 7 bankruptcies typically remain on credit reports for 10 years, while Chapter 13 cases are generally removed after seven. Although these entries originate from the initial filing date, their negative impact on credit scores often diminishes over time as consumers establish new histories of on-time payments.
Sponsored — Debt Relief Offers
Sources & Further Reading
Revision History
- updateJune 24, 2026 — Initial publication. Drafted by Newsroom from 3 curated sources.
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