Agencies issue guidance on deposit account discrepancies

Banks should avoid or reconcile, or resolve discrepancies between the amount they credit to a consumer’s account and how much was actually deposited, according to guidance issued by the CFPB and other regulatory agencies.

CFPB shutters student debt relief company

The Consumer Financial Protection Bureau has asked a federal district court to enter a final judgment and order that would shut down a student debt relief company.

CFPB highlights money transfer issues

The latest monthly complaint snapshot from the Consumer Financial Protection Bureau focuses on money transfer issues and complaints from Georgia consumers.

CFPB sues World Law for UDAAP violations

The Consumer Financial Protection Bureau has obtained a preliminary injunction against World Law Group and its senior leaders for violations of the Dodd-Frank Act.

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