Consumer Financial Protection Bureau Sues Texas Company for Sham Credit Card

WASHINGTON, D.C. –(ENEWSPF)—December 17, 2014. Today, the Consumer Financial Protection Bureau (CFPB) is suing a Texas-based company, Union Workers Credit Services, for deceiving consumers into paying fees to sign up for a sham credit card. The Bureau alleges that the company falsely advertises a general-use credit card that, in actuality, can only be used to buy products from the company. Union Workers Credit Services also deceptively implies an affiliation with unions by, among other things,…