RSSMore CFPB UDAAP actions against online lenders
The CFPB took action over alleged collection debts not legally owed, claiming they were offered under false pretenses which qualify as UDAAP violations.
Author Archives: John Niemann
CFPB report highlights student loan issues
The Consumer Financial Protection Bureau has issued the latest monthly report drawn from its online complaint database.
US Circuit Court rules CFPB CID unenforceable
The U.S. Court of Appeals for the District of Columbia handed down a ruling against a Civil Investigative Demand issued by the Consumer Financial Protection Bureau to the Accrediting Council for Independent Colleges and Schools.
CFPB sues law firm that resisted consent order
The CFPB alleges that Weltman violated the Fair Debt Collection Practices Act and the Consumer Financial Protection Act in their correspondence with consumers.
New report examines medical debt complaints to CFPB
The report from consumer advocacy group and industry watchdog U.S. PIRG Education Fund finds that medical debt is a large and increasing source of difficulty for consumers.
CFPB argues civil liberties irrelevant to PHH case
In its brief, the CFPB argues that under binding precedent, the only relevant question to determining the constitutionality of an agency’s structure is whether or not that structure is “of such a nature that it will impede the President’s ability to perform his constitutional duty…to take care that the laws are faithfully executed” (emphasis in the original).
Court dismisses CFPB UDAAP lawsuit
A federal judge in North Dakota has dismissed an action by the Consumer Financial Protection Bureau against a third-party payment processor.
Former CFPB attorney alleges politics, publicity drive bureau
Ronald Rubin, a former enforcement attorney for the Consumer Financial Protection Bureau, has weighed in on the controversy swirling around the bureau.
CFPB slaps Nationstar with $1.75 million fine
This week, the Consumer Financial Protection Bureau entered into a consent order with Nationstar Mortgage that will require the lender to pay $1.75 million over HMDA violations.
Federal judge reaffirms doubts about CFPB’s constitutionality
Brett Kavanaugh, the judge who issued a ruling in October declaring the CFPB’s structure unconstitutional, reiterated his doubts about the agency’s legitimacy in a recent dissent.
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