The Consumer Financial Protection Bureau (CFPB) today ordered American Express to refund an estimated $59.5 million to more than 335,000 consumers for illegal credit card practices. These practices included unfair billing tactics and deceptive marketing…
The Consumer Financial Protection Bureau (CFPB) and Department of Justice (DOJ) has ordered Ally Financial Inc. and Ally Bank (Ally) to pay $80 million in damages to harmed African-American, Hispanic, and Asian and Pacific Islander…
Today the Consumer Financial Protection Bureau (CFPB) took its first action against an online loan servicer, CashCall Inc., its owner, its subsidiary, and its affiliate, for collecting money consumers did not owe. The CFPB alleges…
Today the Consumer Financial Protection Bureau is ordering GE Capital Retail Bank and its subsidiary, CareCredit, to refund up to $34.1 million to potentially more than 1 million consumers who were victims of deceptive credit…
Rule Brings New Oversight to Rapidly Growing Market Affecting Tens of Millions of Consumers The Consumer Financial Protection Bureau (CFPB) has issued a rule that allows the Bureau to supervise certain nonbank student loan servicers…
The Consumer Financial Protection Bureau (CFPB) today took its first enforcement action against a payday lender by ordering Cash America International, Inc. to refund consumers for robo-signing court documents in debt collection lawsuits. The CFPB…
The Consumer Financial Protection Bureau (CFPB) is now accepting complaints from borrowers encountering problems with payday loans. Payday loans, also known as “cash advances” or “check loans,” are often short-term, small-dollar loans, generally for $500…
Today the Consumer Financial Protection Bureau (CFPB) ordered Mortgage Master, Inc. and Washington Federal to pay civil penalties for violating the Home Mortgage Disclosure Act (HMDA), which requires certain mortgage lenders to accurately collect and…
Payment Processor to Pay $1.376 Million for Aiding Illegal Practices by Debt-Settlement Companies The Consumer Financial Protection Bureau (CFPB) has announced an enforcement action against Meracord LLC, a leading debt-settlement payment processor, for allegedly helping…
The Consumer Financial Protection Bureau (CFPB) ordered Chase Bank USA, N.A. and JPMorgan Chase Bank, N.A. to refund an estimated $309 million to more than 2.1 million customers for illegal credit card practices. This enforcement…
Call me a curmudgeon, but is anyone else annoyed by the proliferation of hospital advertising? You literally cannot open a newspaper or turn on the radio or TV without being bombarded with advertisements for hospitals…