CFPB Sues Access Funding for Scamming Lead-Paint Poisoning Victims Out of Settlement Money
Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) today filed a complaint in federal district court against Access Funding, LLC for an illegal scheme in which victims of lead-paint…
Agencies Issue Final Rule on Method to Adjust the Threshold for Exempting Small Loans from Special Appraisal Requirements and Announce 2017 Threshold
Washington, D.C. – The Consumer Financial Protection Bureau (CFPB), Federal Reserve Board, and Office of the Comptroller of the Currency (OCC) today issued a final rule detailing the method that…
Agencies Issue Final Rule on Method to Adjust Thresholds for Exempting Certain Consumer Credit and Lease Transactions and Announce 2017 Thresholds
Washington, D.C. – The Federal Reserve Board and the Consumer Financial Protection Bureau (CFPB) today issued a final rule detailing the method that will be used to adjust the thresholds…
CFPB Warns Financial Companies About Sales and Production Incentives That May Lead to Fraud or Consumer Abuse
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) issued a bulletin today warning supervised financial companies that creating incentives for employees and service providers to meet sales and other…
CFPB Monthly Complaint Snapshot Spotlights Debt Settlement, Check Cashing, and Other Financial Service Complaints
WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) released a monthly complaint snapshot highlighting consumer complaints about financial services such as debt settlement, check cashing, money orders, and…
CFPB Takes Action Against Reverse Mortgage Companies for Deceptive Advertising
WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) took action against three reverse mortgage companies for deceptive advertisements, including claiming that consumers could not lose their homes. The…
CFPB Finds Bank Marketing Deals With Colleges Can Mean Costly Fees and Risks for Students
WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) released a report raising new concerns about costly fees and risky features that can be attached to certain college-sponsored accounts.…
CFPB Unveils Consumer Credit Trends Tool to Help Forecast Potential Consumer Risks
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today unveiled Consumer Credit Trends, a web-based tool to help the public monitor developments in consumer lending and forecast potential future…
CFPB Takes Action Against Moneytree for Deceptive Advertising and Collection Practices
Washington, D.C. – Today the Consumer Financial Protection Bureau (CFPB) took action against Moneytree, Inc., a financial services company that offers payday loans and check-cashing services, for misleading consumers with…
CFPB Takes Action Against Pawn Companies for Deceiving Consumers About Loan Costs
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today took action against four Virginia pawnbrokers for deceiving consumers about the actual annual costs of their loans. In lawsuits filed…