Article Archives – Page 43

Snapshot highlights student loans

Nearly two-thirds of complaints about student loans center on “servicing breakdowns,” according to the latest installment of the Consumer Financial Protection Bureau’s monthly complaint reports.

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.

CFPB issues HMDA clarification

The proposal contains a number of clarifications, technical corrections and minor changes to facilitate compliance with the 2015 updates to the Home Mortgage Disclosure Act rule.

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).

Companies respond swiftly to consumer complaints, report shows

Nearly 100 percent of complaints requiring a response submitted to the Consumer Financial Protection Bureau receive timely resolution, according to the bureau’s latest annual report.

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.

Experian fined $3 million over credit score marketing

The Costa Mesa, Calif., company told consumers the credit scores it marketed and provided were used by lenders to make credit decisions; lenders did not use those same Experian scores to make such decisions, the bureau said.

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.