News – CFPB Journal

CFPB settles with broker who targeted veterans

The Consumer Financial Protection Bureau and the Office of the Arkansas Attorney General filed a proposed settlement with Andrew Gamber and several of his companies.

ITT settles CFPB suit

The Consumer Financial Protection Bureau has settled its suit against ITT Educational Services, Inc. The suit alleged that ITT engaged in unfair and abusive practices in connection with its private loan program in violation of the Consumer Financial Protection Act of 2010.

CFPB settles with N.Y. debt collection group

The Consumer Financial Protection Bureau filed proposed settlements with debt collectors Douglas MacKinnon, Northern Resolution Group, LLC, Enhanced Acquisitions, LLC, Delray Capital, LLC, and Mark Gray, all based in Buffalo, N.Y.

CFPB issues report on elder abuse

Earlier this month, the Consumer Financial Protection Bureau issued an advisory to banks and lending institutions regarding the reporting of financial exploitation of older consumers.

Equifax settles with CFPB, FTC over data breach complaint

Credit scoring giant Equifax has settled a complaint with the Consumer Financial Protection Bureau over its handling of its 2017 data breach.

CFPB discusses alternative credit scoring

The report summarizes the bureau’s 2018 efforts to ensure “fair, equitable, and nondiscriminatory access to credit for both individuals and communities” as mandated by the Dodd-Frank Act.

CFPB settles with Freedom Debt Relief

The Consumer Financial Protection Bureau has settled its lawsuit against Freedom Debt Relief over violations of the Telemarketing Sales Rule and the Consumer Financial Protection Act of 2010.

Democrats object over CFPB staffer’s track record

Sen. Elizabeth Warren (D-Mass.) and several other Democrats have objected to a recent hire at the Consumer Financial Protection Bureau over his past employment.

CFPB settles with student loan company of for-profit college

The Consumer Financial Protection Bureau has settled with Student CU Connect CUSO, LLC, a company set up to hold and manage private loans for students at the for-profit ITT Technical Institute.

CFPB enters into consent order with Freedom Mortgage

The Consumer Financial Protection Bureau announced a consent order with Freedom Home Mortgage Corporation. The enforcement action follows an investigation of errors in reporting on mortgage transactions.