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The Consumer Financial Protection Bureau and the South Carolina Department of Consumer Affairs filed a lawsuit in federal district court in the District of South Carolina against Katharine Snyder, Performance Arbitrage Company, Inc., and Life Funding Options, Inc.
The Consumer Financial Protection Bureau has launched the American Consumer Financial Innovation Network in partnership with multiple state regulators. ACFIN is aimed at enhancing coordination among federal and state regulators to facilitate financial innovation. The bureau also announced several new policies designed to promote innovation.
The Consumer Financial Protection Bureau has settled with Asset Recovery Associates, Inc., a debt-collection company headquartered in Illinois, over allegations it falsely threatened consumers.
The Consumer Financial Protection Bureau has settled its suit against ITT Educational Services, Inc. The suit alleged that ITT engaged in unfair and abusive practices in connection with its private loan program in violation of the Consumer Financial Protection Act of 2010.
The Consumer Financial Protection Bureau filed proposed settlements with debt collectors Douglas MacKinnon, Northern Resolution Group, LLC, Enhanced Acquisitions, LLC, Delray Capital, LLC, and Mark Gray, all based in Buffalo, N.Y.
Credit scoring giant Equifax has settled a complaint with the Consumer Financial Protection Bureau over its handling of its 2017 data breach.
The Consumer Financial Protection Bureau has settled its lawsuit against Freedom Debt Relief over violations of the Telemarketing Sales Rule and the Consumer Financial Protection Act of 2010.
The Consumer Financial Protection Bureau has settled with Student CU Connect CUSO, LLC, a company set up to hold and manage private loans for students at the for-profit ITT Technical Institute.
The Consumer Financial Protection Bureau has settled with BSI Financial Services, a mortgage servicer headquartered in Irving, Texas.
Rep. Maxine Waters (D-Calif.)
The U.S. House has passed a bill authored by Rep. Maxine Waters (D-Calif.) aimed at undoing many of the changes made at the Consumer Financial Protection Bureau by former acting director Mick Mulvaney.