CFPB Orders Prospect Mortgage to Pay $3.5 Million Fine for Illegal Kickback Scheme
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today took action against Prospect Mortgage, LLC, a major mortgage lender, for paying illegal kickbacks for mortgage business referrals. The CFPB…
CFPB Orders Mastercard and UniRush to Pay $13 Million for RushCard Breakdowns That Cut Off Consumers’ Access to Funds
WASHINGTON, D.C. — The Consumer Financial Protection Bureau today took action against Mastercard and UniRush for breakdowns that left tens of thousands of economically vulnerable RushCard users unable to access…
CFPB and State of Virginia Take Action Against Woodbridge Gold & Pawn for Deceiving Consumers About Loan Costs
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) and the Attorney General of Virginia took action today against Woodbridge Coins and Jewelry Exchange, Inc., doing business as Woodbridge Gold…
CFPB and New York Attorney General Sue RD Legal for Scamming 9/11 Heroes Out of Millions of Dollars in Compensation Funds
WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) and the New York Attorney General filed a lawsuit against RD Legal Funding, LLC, two related entities, and Roni Dersovitz,…
CFPB Monthly Snapshot Spotlights Mortgage Complaints
WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) released a monthly complaint snapshot highlighting consumer complaints about mortgages. The snapshot shows that consumers continue to report experiencing problems…
CFPB Explores Impact of Alternative Data on Credit Access for Consumers Who Are Credit Invisible
WASHINGTON, D.C. – The Consumer Financial Protection Bureau today launched an inquiry into ways to expand access to credit for consumers who are credit invisible or who lack enough credit…
Outcomes of the 52nd Session of the UN Human Rights Council
As we mark the 75th anniversary of the Universal Declaration of Human Rights and the 30th anniversary of the Vienna Declaration and Program of Action this year, the United States…
CFPB Monthly Snapshot Spotlights Credit Reporting Complaints
WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) released a monthly complaint snapshot highlighting consumer complaints about credit reporting. The snapshot shows that consumers continue to report struggling…
CFPB Oversight Uncovers And Corrects Credit Reporting Problems
WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) released a report detailing the problems in the credit reporting industry that the Bureau has uncovered and corrected through its…
CFPB Takes Action Against Nationstar Mortgage for Flawed Mortgage Loan Reporting
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today ordered Nationstar Mortgage LLC to pay a $1.75 million civil penalty for violating the Home Mortgage Disclosure Act (HMDA) by…