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…
Operation Ripped Off Students and Families Applying for College Financial Aid Today, the Consumer Financial Protection Bureau (CFPB) announced it is taking action to halt a nationwide student financial aid scam that allegedly ripped off…
Company to Pay $18 Million to Minority Auto Borrowers, $3 Million to Credit Card Customers The Consumer Financial Protection Bureau (CFPB) has taken two separate actions against Fifth Third Bank, for discriminatory auto loan pricing…
Lawsuit Names Individuals Responsible for Bilking $67 million from 21,000 Consumers The Consumer Financial Protection Bureau has obtained a preliminary injunction against World Law Group and its senior leaders for running a debt-relief scheme that…
Companies Hid Loan Interest Rates and Fees and Deceived Consumers About Other Terms of the Deal The Consumer Financial Protection Bureau (CFPB) and the New York Department of Financial Services (NYDFS) have filed a lawsuit…
Millions of Consumers Harmed by Bank’s Deceptive Marketing and Unfair Billing of Credit Card Add-On Products and Services, and Other Unlawful Practices The Consumer Financial Protection Bureau (CFPB) has ordered Citibank, N.A. and its subsidiaries…
Discover’s Illegal Servicing Practices Affected Private Student Loan Borrowers Transferred from Citibank The Consumer Financial Protection Bureau (CFPB) has taken action against Discover Bank and its affiliates for illegal private student loan servicing practices. The…
Company to Pay $5.2 Million for Illegally Billing Over 100,000 Consumers Today the Consumer Financial Protection Bureau filed a complaint and proposed consent order in federal court against Student Financial Aid Services, Inc. for illegal…
By: Peggy McCarthy It has taken more than 40 years, but Connecticut veteran Conley Monk has won his battle to have his military discharge status upgraded and can now receive federal benefits. Monk, 66, and…
CONSUMER FINANCIAL PROTECTION BUREAU IDENTIFIES ILLEGAL PRACTICES UNCOVERED THROUGH SUPERVISION Supervisory Resolutions Across Industries Recover $11.6 Million for More Than 80,000 Consumers Today the Consumer Financial Protection Bureau (CFPB) released its latest supervision report outlining…
Auto Loan Company Misled Servicemembers About Consequences of Nonpayment Today the Consumer Financial Protection Bureau (CFPB) sued an auto loan company, Security National Automotive Acceptance Company, for aggressive debt collection tactics against servicemembers. In a…
CFPB Issues Advisory Warning Consumers Not To Be Deceived Today the Consumer Financial Protection Bureau (CFPB) released results of a focus group study on reverse mortgage advertisements that found many participants were left with misimpressions…
The Consumer Financial Protection Bureau has filed proposed orders in federal courts against Sprint and Verizon which, if approved, would provide $120 million in redress to wireless customers who were illegally billed hundreds of millions…
Consumers Paid $49 Million in Fees for Deceptive Mortgage Payment Program Today the Consumer Financial Protection Bureau (CFPB) filed a lawsuit in federal district court against Nationwide Biweekly Administration, Inc., Loan Payment Administration LLC, and…
Today the Consumer Financial Protection Bureau (CFPB) took action against RMK Financial Corporation for deceptive mortgage advertising practices, including ads that led consumers to believe that the company was affiliated with the U.S. government. The…
New Study Indicates that Consumers Access Credit Scores and Credit Reports in a Variety of Ways but Confusion Persists The Consumer Financial Protection Bureau (CFPB) reported that more than 50 million consumers now have free…
Today, the Consumer Financial Protection Bureau released a study indicating that arbitration agreements restrict consumers’ relief for disputes with financial service providers by limiting class actions. The report found that, in the consumer finance markets…
Union Workers Credit Services Also Duped Consumers Into Thinking the Company Was Affiliated With Unions Today the Consumer Financial Protection Bureau (CFPB) is suing a Texas-based company, Union Workers Credit Services, for deceiving consumers into…
Today the Consumer Financial Protection Bureau (CFPB) Student Loan Ombudsman released a report highlighting complaints by struggling private student loan borrowers who describe being driven into default. Distressed borrowers report that they receive very little…
Bureau Seeks More than $500 Million In Relief For Borrowers of Corinthian’s Private Student Loans Today the Consumer Financial Protection Bureau (CFPB) sued for-profit college chain Corinthian Colleges, Inc. for its illegal predatory lending scheme….