June 2017 Articles – CFPB Journal

CFPB critical of student loan servicers working with public servants

The Consumer Financial Protection Bureau last week released a report critical of student loan servicers who deal with borrowers who have pursued public service careers.

Bureau files complaints over credit repair claims

Four California-based credit repair companies and three individuals are the target of two complaints by the Consumer Financial Protection Bureau.

Federal court refuses to enforce CFPB CID

A federal court denied a petition to enforce a Civil Investigative Demand filed by the Consumer Financial Protection Bureau against a company that purchases structured settlements and annuities.

CFPB urges credit card companies to embrace zero-interest promotions

Credit card companies should be more “transparent” with consumers about promotional interest rates, the Consumer Financial Protection Bureau said.

CFPB fines another mortgage lender for UDAAP violations

The Consumer Financial Protection Bureau took action against Fay Servicing, a mortgage servicer, for violations of the Dodd-Frank Act’s prohibition on unfair, deceptive and abusive acts or practices.

Monthly snapshot highlights elder complaints

Reverse mortgages, financial scams and deferred interest credit cards topped the list of complaints by senior citizens, according to the latest monthly snapshot from the Consumer Financial Protection Bureau.

CFPB moves to regulate small business loans

This marks the bureau’s first foray into regulating small business loans, and the announcement raises many questions for lenders that deal with small business.