RSSBipartisan resolution would override payday lending rule
A bipartisan group of House legislators has introduced a Congressional Review Act resolution to bar passage of the final payday lending rule from the Consumer Financial Protection Bureau.
Category Archives: News
CFPB deal with servicer raises red flags
Earlier this month, the Consumer Financial Protection Bureau reached a settlement with Vantage Capital Group that handed VCG administration rights to more than 800,000 private student loans that had been mismanaged by a trust called National Collegiate Student Loan Trusts.
CFPB sues debt relief firm for misleading customers
The Consumer Financial Protection Bureau filed a lawsuit last week against Freedom Debt Relief, the nation’s largest debt-settlement services provider, and its co-CEO and co-founder Andrew Housser, for allegedly deceiving consumers.
Number of ‘riskier’ auto loans rises, report says
Forty-two percent of auto loans made in the last year carried a payback term of six years or more, compared to just 26 percent in 2009, according to a report from the Consumer Financial Protection Bureau.
CFPB sues companies posing as government agencies
The Consumer Financial Protection Bureau filed suit in federal court against two service providers for deceptively suggesting that they were affiliated with the federal government as well as falsely promising to eliminate consumers’ debts and improve their credit scores.
CFPB outlines customer data sharing principles
The Consumer Financial Protection Bureau has issued principles for protecting consumers when they authorize third party companies to access their financial data to provide certain financial products and services.
Student loan complaints lead to $750 million in relief
The Consumer Financial Protection Bureau has handled more than 20,000 complaints over the last year from consumers about student loans.
Finance industry files suit against arbitration rule
A group of more than twenty finance industry organizations filed suit against the Consumer Financial Protection Bureau, seeking to halt implementation of the bureau’s new arbitration rule.
CFPB finalizes payday lending rule
The rule requires payday lenders to determine upfront whether or not the consumer is capable of repaying the loan, among other restrictions.
CFPB fines title company for RESPA violations
The Consumer Financial Protection Bureau fined real estate settlement services provider Meridian Title Corporation $1.25 million for illegal kickbacks relating to consumers referred to an affiliated title-insurance business.
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