FTC Sends 37 New Cease and Desist Letters Regarding Agency’s Eyeglass Rule
Federal Trade Commission staff sent 37 new cease and desist letters to eyeglass prescribers, including optometrists and ophthalmologists, warning them of potential violations of the agency’s Ophthalmic Practice Rules, known…
CFPB Takes Action Against ACE Cash Express for Pushing Payday Borrowers Into Cycle of Debt
ACE to Pay $10 Million for Using Illegal Debt Collection Tactics to Pressure Consumers Into Debt Traps WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) took enforcement action…
Consumer Financial Protection Bureau Issues Guidance Regarding Brokers Shifting To “Mini-Correspondent” Model
Bureau Describes Evaluation of Mini-Correspondent Transactions WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) is issuing guidance regarding mortgage brokers transitioning to a “mini-correspondent” lender model. The CFPB…
CFPB Files Suit Against Debt Collection Lawsuit Mill
Georgia Firm Relies on Deceptive Court Filings and Faulty Evidence to Churn Out Lawsuits WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) filed a lawsuit in a federal…
CFPB Proposal Would Give Consumers the Opportunity to Publicly Voice Complaints About Financial Companies
Consumers Could Opt-In to Share Complaint Narrative in CFPB’s Public Database WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) is proposing a new policy that would empower consumers…
CFPB Begins Accepting Consumer Complaints on Prepaid Cards and Additional Nonbank Products
Nonbank Products Include Debt Settlement and Credit Repair Services, Pawn and Title Loans WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) is now accepting complaints from consumers encountering problems…
CFPB, FTC and States Announce Sweep Against Foreclosure Relief Scammers
CFPB Files Suits for Operations that Used Deception and False Promises to Collect More than $25 Million in Illegal Fees from Distressed Homeowners WASHINGTON, D.C. — The Consumer Financial Protection…
CFPB Proposes Rule to Improve Information About Access to Credit in the Mortgage Market
Bureau Aims to Simplify the Reporting Process for Financial Institutions WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) proposed a rule to improve information reported about the residential…
CFPB and 13 State Attorneys General Obtain About $92 Million in Debt Relief for Servicemembers Harmed by Predatory Lending Scheme
Rome Finance and Owners Permanently Banned from Consumer Lending After Deceiving About 17,000 Servicemembers and Other Consumers WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) and 13 state attorneys…
CFPB Launches Nationwide Effort to Provide Financial Education and Tools to Low-Income Consumers
CFPB Partners with National and Local Organizations to Train Social Services Staff With ‘Your Money, Your Goals’ Toolkit WASHINGTON, DC – Today, the Consumer Financial Protection Bureau announced that it…