CFPB Sues Ocwen for Failing Borrowers Throughout Mortgage Servicing Process
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today sued one of the country’s largest nonbank mortgage loan servicers, Ocwen Financial Corporation, and its subsidiaries for failing borrowers at…
Dance Marathon 2023: The Largest Collegiate Philanthropic Tradition on the West Coast
LOS ANGELES, April 5th, 2023 – Dance Marathon 2023, the largest collegiate philanthropic tradition on the West Coast, is happening this April! Hosted by the Pediatric AIDS Coalition (PAC) at…
The United States Designates Lebanese Individuals and Entities Profiting from Public Corruption
Today, the United States is designating Raymond Zina Rahme and Teddy Zina Rahme, also known as the ‘Rahme brothers,’ along with two Lebanon-based entities and one UAE-based entity they control.…
CFPB Monthly Snapshot Spotlights Student Loan Complaints
WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) released a monthly complaint snapshot highlighting consumer complaints about student loans. The snapshot shows that both private and federal student…
U.S. Special Representative for the Democratic People’s Republic of Korea Sung Kim to Meet Republic of Korea and Japanese Counterparts
U.S. Special Representative for the Democratic People’s Republic of Korea (DPRK) Ambassador Sung Kim will travel to Seoul from April 6-7 to meet bilaterally and trilaterally with Republic of Korea…
CFPB Supervision Finds Some Student Loan and Mortgage Servicers Illegally Fail to Provide Protections to Borrowers
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today announced that its recent supervisory work has found that some student loan and mortgage servicers are violating the law by…
CFPB Issues $1.25 Million Fine to Servicemember Auto Lender for Violating Consent Order
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today took action against Security National Automotive Acceptance Company (SNAAC), an auto lender specializing in loans to servicemembers, for violating a…
CFPB Releases Report Outlining Strategies for Promoting Diversity and Inclusion in the Mortgage Industry
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today released a report summarizing strategies for promoting diversity and inclusion used by mortgage industry participants. It highlights the business case…
FTC Action Leads to Civil Penalties, Strict Requirements for Funeral and Cremation Provider That Withheld Remains from Loved Ones to Extract Payment
Anthony Joseph Damiano and his funeral service companies—Funeral & Cremation Group of North America, LLC, and Legacy Cremation Services, LLC (doing business as Heritage Cremation Provider, Evergreen Funeral Home and…
CFPB Sues Four Online Lenders for Collecting on Debts Consumers Did Not Legally Owe
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today took action against four online lenders – Golden Valley Lending, Inc., Silver Cloud Financial, Inc., Mountain Summit Financial, Inc., and…