CFPB seeks $107 million in bankruptcy claim

The bureau asked for the payment as part of a final judgment against Orion Processing LLC, a bankrupt company embroiled in an alleged debt-relief scheme that cost consumers millions in what the bureau called “exorbitant, illegal upfront fees.”

Credit reporting issues highlighted

Complaints about credit reports and from consumers in Louisiana were spotlighted in the latest monthly snapshot from the Consumer Financial Protection Bureau.

Mortgage complaints highlighted

Mortgage servicing and misapplied funds are major sources of consumer complaint, according to the latest monthly complaint snapshot from the Consumer Financial Protection Bureau.

CFPB fines mortgage lender for kickbacks

The Consumer Financial Protection Bureau fined Prospect Mortgage $3.5 million for improper mortgage referrals, in what the regulator calls a “kickback” scheme.

CFPB expands scope of UDAAP

The Consumer Financial Protection Bureau targeted MasterCard and UniRush, a prepaid card issuer, over a technical glitch with a platform migration that left some consumers unable to access funds in a timely manner.

Law firms, attorneys sued over debt relief fees

The Consumer Financial Protection Bureau filed a suit against a pair of attorneys and three law firms for violating the Telemarketing Sales Rule by collecting upfront fees for debt relief services.

CitiBank fined by CFPB

The Consumer Financial Protection Bureau moved this week to fine CitiBank affiliate CitiMortgage $28.8 million for violating multiple mortgage servicing rules.

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