Consumer Confidential: In credit-repair crackdown, CFPB remembers its job is to protect consumers

The Consumer Financial Protection Bureau, under the Trump administration, has been a consumer watchdog in name only.

So it's news that the bureau is once again doing its job.

The CFPB filed a lawsuit the other day against a pair of so-called credit-repair firms, alleging they used deceptive tactics to get consumers to sign up for their services. The companies also charged illegal fees, the suit says.

There are a few different things going on here that are interesting.

First, there's the regulatory crackdown on an industry that preys on people in financial distress with claims that bad credit scores can be "repaired" with a little professional help. This is something consumers need to