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The Consumer Financial Protection Bureau has launched an inquiry into ways to expand access to credit for consumers who are credit invisible or who lack enough credit history to obtain a credit score.
Richard Cordray, director of the Consumer Financial Protection Bureau, allegedly used private communication equipment to hide his contact with high-level operatives in the Democratic party during the election season.
Mortgage servicing and misapplied funds are major sources of consumer complaint, according to the latest monthly complaint snapshot from the Consumer Financial Protection Bureau.
The Consumer Financial Protection Bureau fined Prospect Mortgage $3.5 million for improper mortgage referrals, in what the regulator calls a “kickback” scheme.
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.
The Consumer Financial Protection Bureau filed a suit against a pair of attorneys and three law firms for violating the Telemarketing Sales Rule by collecting upfront fees for debt relief services.
The Consumer Financial Protection Bureau moved this week to fine CitiBank affiliate CitiMortgage $28.8 million for violating multiple mortgage servicing rules.
The Consumer Financial Protection Bureau has filed a lawsuit against TCF National Bank of Wayzata, Minn., over practices related to its overdraft protection program. The CFPB claims TCF “tricked” consumers into enrolling in its overdraft protection program.
A defendant named in a 2015 CFPB enforcement action has filed a motion seeking sanctions against the bureau for frivolously naming them in the original suit.
Some consumers “feel threatened” by debt collectors who contact them, according to a survey from the Consumer Financial Protection Bureau.