Student loan servicers draw CFPB attention

The Consumer Financial Protection Bureau is clamping down on student loan lenders and servicers that automatically default on loans when a co-signer declares bankruptcy or dies.

Some questions for the CFPB in House hearing

CFPB Director Richard Cordray sat down in front of the House Financial Services Committee for a hearing last week, delivering the bureau’s semi-annual report and taking questions.

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 Fines Online Payment Network for Misrepresenting Security Practices

On March 2, 2016, the CFPB issued its first enforcement action directed at an organization’s information security practices. Dwolla, Inc., entered into a Consent Order with the CFPB which identifies “deceptive acts and practices relating to false representations” relating to the company’s data security practices in violation of UDAAP.

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