RSSCFPB 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.
Category Archives: News
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.
TCF fined for overdraft enrollment practices
The Consumer Financial Protection Bureau has filed a lawsuit against TCF National Bank of Wayzata, Minn., over practices related to its overdraft protection program. The CFPB claims TCF “tricked” consumers into enrolling in its overdraft protection program.
CFPB target counterpunches in federal court
A defendant named in a 2015 CFPB enforcement action has filed a motion seeking sanctions against the bureau for frivolously naming them in the original suit.
CFPB releases debt collection survey results
Some consumers “feel threatened” by debt collectors who contact them, according to a survey from the Consumer Financial Protection Bureau.
CFPB penalizes credit reporting agencies
TransUnion and Equifax, Inc. have been ordered to pay a total of more than $17.6 million in restitution to consumers, along with fines totaling $5.5 million to the CFPB.
CFPB signals lending regulation priorities for 2017
The bureau will focus on redlining, loan servicing and small business lending in 2017, according to a recent blog post.
New chief of staff, others announced at CFPB
The bureau also announced a slew of other appointments, including chief information officer, chief financial officer and a pair of assistant directors.
Trump appointee could be trouble for the CFPB
The nomination of South Carolina Republican Congressman Mick Mulvaney as director of the Office of Management and Budget signals that federal regulations are likely to face tough scrutiny in the Trump administration.
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