CFPB sues two pension loan companies

The Consumer Financial Protection Bureau filed a lawsuit in federal court this week against two companies that offered consumers pension loans.

Citizens Bank of Pennsylvania is a warning to the banking industry

Regulators’ action against Citizens Bank of Pennsylvania has huge ramifications for the banking industry. Three regulators − the CFPB, FDIC and the Office of the Comptroller of the Currency – have ordered Citizens to pay $14 million in refunds to consumers and another $20.5 million penalty.

Citizens Bank fined by CFPB

This week the Consumer Financial Protection Bureau levied a significant fine on Citizens Bank for mishandling discrepancies in customer deposits.

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