Blog Archives

Feds Sue Credit Repair Company For Misleading Consumers And Charging Illegal Fees

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit in federal district court against the credit repair company Prime Marketing Holdings, LLC, which allegedly charged consumers a series of illegal advance fees as well as misrepresented the cost and effectiveness of its services. The CFPB is seeking to halt the company’s harmful conduct...

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Feds Propose To End Payday Debt Traps

 The Consumer Financial Protection Bureau (CFPB) today proposed a rule aimed at ending payday debt traps by requiring lenders to take steps to make sure consumers have the ability to repay their loans. The proposed rule would also cut off repeated debit attempts that rack up fees. These strong proposed protections would cover payday...

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Tips For How To Pay Off Student Loans The Affordable Way

The Consumer Financial Protection Bureau (CFPB) has unveiled the student loan Payback Playbook, a set of prototype disclosures that outline a path to affordable payments for borrowers trying to avoid student debt distress. The Payback Playbook provides borrowers with personalized information about their repayment options from loan servicers so they can secure a monthly...

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Feds Shutting Down Illegal Student Debt Relief Scheme

Student Loan Processing.US and Owner Charged Student Loan Borrowers Millions in Illegal Fees The Consumer Financial Protection Bureau (CFPB) has requested that a federal district court enter a final judgment and order that would shut down a student debt relief scheme that charged borrowers millions of dollars in illegal upfront fees for federal student...

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