Consumer Financial Protection Bureau Opens Inquiry Into “Buy Now, Pay Later” Credit
WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) issued a series of orders to five companies offering “buy now, pay later” (BNPL) credit. The orders to collect information…
CFPB Takes Action Against Access Funding and Its Leadership for Misleading Consumers with Structured Settlements
WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) took action against Access Funding and two executives for steering consumers considering signing away future structured settlement payments for lump…
The United States Announces Expansion of Vocational and Technical Education Exchange with South Africa, Promotes Workforce Development and Youth Employability
The U.S. Department of State’s Bureau of Educational and Cultural Affairs announced today that it will expand its partnership with South Africa on vocational and technical education by supporting a…
CFPB and DOJ Put Landlords and Mortgage Servicers on Notice About Servicemembers’ and Veterans’ Rights
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) and U.S. Department of Justice (DOJ) issued two joint letters today regarding important legal housing protections for military families. One letter…
CFPB Shutters Lending by VC-Backed Fintech for Violating Agency Order
WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) announced that LendUp Loans has agreed to halt making any new loans and collecting on certain outstanding loans, as well…
CFPB Releases Report Detailing Consumer Complaint Response Deficiencies of the Big Three Credit Bureaus
WASHINGTON, D.C. — A new analysis by the Consumer Financial Protection Bureau (CFPB) reveals how changes in complaint responses provided by nationwide consumer reporting companies resulted in fewer meaningful responses…
CFPB Sues United Holding Group, Its Affiliates, and Its Owners for Illegal Debt Collection Practices
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today sued United Debt Holding (UDH), JTM Capital Management (JTM), United Holding Group (UHG), and their owners, Craig Manseth, Jacob Adamo,…
CFPB Issues Bulletin to Prevent Unlawful Medical Debt Collection and Credit Reporting
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today released a bulletin reminding debt collectors and credit bureaus of their legal obligations in light of the No Surprises Act,…
CFPB Announces Settlement Regarding the 2019 Taskforce on Federal Consumer Financial Law
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) announced it has settled a lawsuit filed by the National Association of Consumer Advocates, U.S. Public Interest Research Group, and…
CFPB Bans Payment Processor BrightSpeed Solutions and Its Former CEO for Supporting Telemarketing Scammers Targeting Older Americans
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed final judgement and order with a federal district court that, if entered by the court, would resolve…