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The Consumer Financial Protection Bureau has issued a consent order against 3rd Generation, Inc., for illegally charging interest for late payment on its Loss Damage Waiver product without its customers’ knowledge.
The Consumer Financial Protection Bureau has asked for a court order to require DMB Financial to pay consumers at least $5.4 million over illegal fees and disclosure violations.
Credit reporting and debt collection topped the list of complaints filed by servicemembers, according to a recent report from the Consumer Financial Protection Bureau.
Over the past two years, the Consumer Financial Protection Bureau received more complaints on a per-capita basis from consumers living in predominantly minority counties than from consumers in predominantly white, non-Hispanic counties.