Credit reporting issues highlighted

Complaints about credit reports and from consumers in Louisiana were spotlighted in the latest monthly snapshot from the Consumer Financial Protection Bureau.

CFPB files overdraft service lawsuit against TCF Bank

The tactics used by TCF Bank, for which the Consumer Financial Protection Bureau filed a lawsuit against the company, are no different than the methods employed by insurance salesmen, and the bureau will be hard pressed to prove consumers didn’t understand what they were signing up for, argues Publisher Tom Bengtson.

Mortgage complaints highlighted

Mortgage servicing and misapplied funds are major sources of consumer complaint, according to the latest monthly complaint snapshot from the Consumer Financial Protection Bureau.

CFPB fines mortgage lender for kickbacks

The Consumer Financial Protection Bureau fined Prospect Mortgage $3.5 million for improper mortgage referrals, in what the regulator calls a “kickback” scheme.

CFPB expands scope of UDAAP

The Consumer Financial Protection Bureau targeted MasterCard and UniRush, a prepaid card issuer, over a technical glitch with a platform migration that left some consumers unable to access funds in a timely manner.

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