The CFPB has misled consumers

The CFPB is chomping at the bit to paint itself as consumers’ financial avenger. Unfortunately, the CFPB’s marketing department is so interested in shaping the bureau’s image that it has started to leave fact behind.

CFPB fines debt-settlement firm

The Consumer Financial Protection Bureau has issued a consent order against debt-settlement firm Premier Consulting Group LLC for charging illegal fees.

‘Buy Here, Pay Here’ auto dealer fined by CFPB

The Consumer Financial Protection Bureau took its first action ever against a car dealership last week. DriveTime Automotive Group Inc., an Arizona-based company that sells vehicles as well as originating and servicing auto loans, was the target.

CFPB issues first fines under new mortgage rules

Flagstar Bank has been ordered to pay a $10 million fine and provide $27.5 million in restitution to mortgage customers by the Consumer Financial Protection Bureau. It is the first enforcement action by the CFPB under new mortgage servicing rules promulgated in January.

CFPB fines US Bank over add-on products

The Consumer Financial Protection Bureau has ordered U.S. Bank to refund $48 million for unfair billing practices related to add-on products offered through a vendor.

More articles: