A nonprofit student loan consumer group has filed a lawsuit against the Consumer Financial Protection Bureau alleging it has manipulated federal policy and failed in its duty to regulate companies that service student loans. The lawsuit also names the Department of Education.
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The Consumer Financial Protection Bureau filed suit against several companies and individuals involved in offering student loan debt-relief services for allegedly obtaining consumer reports illegally, charging unlawful advance fees, and engaging in deceptive conduct.
Marketing credit cards to college students is on the decline, according to a recent report from the Consumer Financial Protection Bureau.
A group of Democratic lawmakers has rebuked Kathy Kraninger, director of the Consumer Financial Protection Bureau, in a letter.
The Consumer Financial Protection Bureau issued a notice of proposed rulemaking relating to the remittance rule.
The Consumer Financial Protection Bureau has settled with Edmiston Marketing, LLC, its principal Brandon Edmiston, and USA Service Finance, LLC, for a variety of violations.