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Victims of Think Finance loan repayment scam to get $384 million

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BBB releases report about riskiest scams of 2023


BBB releases report about riskiest scams of 2023

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Consumers allegedly scammed by Think Finance into repaying loans they did not owe are being refunded through distributions from the Consumer Financial Protection Bureau (CFPB).

The federal agency on Tuesday said it allocated more than $384 million to roughly 191,000 consumers who fell victim to Texas-based Think Finance, an online lender. The money was distributed by the CFPB through its victims relief fund, also known as the Civil Penalty Fund. 

“Too often, victims of financial crimes are left without recourse even when the companies that harm them are stopped by law enforcement,” CFPB Director Rohit Chopra said in a statement. “The victims relief fund allows the CFPB to help consumers even when bad actors have squandered their ill-gotten profits.

Payments to consumers harmed by Think Finance’s practices will be sent out beginning on May 14, the agency said. Those who think they are eligible can find more details at the CFPB’s website. They can also contact the settlement administrator, Epiq Systems, with questions by email at info@cfpb-thinkfinance.org or by phone at (888) 557-1865, a toll-free line.

Since its creation in 2010, the CFPB has distributed about $19 billion to more than 195 million defrauded consumers in the form of monetary compensation, principal reductions, canceled debt and other relief, according to the agency. Consumer complaints about financial products or services can be submitted on CFPB’s website or by calling (855) 411-CFPB (2372).



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Baking an ancient bread in Tennessee

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Baking an ancient bread in Tennessee – CBS News


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In Nashville, not far from the center of the country music world, you’ll find a bakery that produces bread nearly identical to what Kurds have been enjoying for more than 4,000 years. Correspondent Martha Teichner visits Newroz Market, where their bread, which originated in Mesopotamia and is traditionally hand-made by women, is a vital culinary necessity for the Kurdish diaspora.

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Good enough to eat: Noah Verrier’s paintings of comfort food

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Good enough to eat: Noah Verrier’s paintings of comfort food – CBS News


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Artist Noah Verrier is getting millions of likes on social media for his paintings of comfort foods, like peanut butter and jelly sandwiches, burgers, fries, and jelly donuts – and they’re selling like hotcakes on eBay. Correspondent Rita Braver talks with Verrier about how the former Florida State University art instructor came to become known as a “junk food painter.”

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A study to personalize nutrition guidance just for you

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A study to personalize nutrition guidance just for you – CBS News


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From the four food groups to the Food Pyramid, the U.S. government has long offered guidance to Americans hoping to eat a healthier diet. But there’s growing scientific consensus that when it comes to eating healthy, all of us respond to foods differently. And to prove it, the National Institutes of Health has embarked on the most ambitious nutrition study ever, hoping to finally provide Americans a personalized answer to the question: “What should I eat?” Correspondent Lee Cowan reports.

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