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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.
TransUnion and Equifax, Inc. have been ordered to pay a total of more than $17.6 million in restitution to consumers, along with fines totaling $5.5 million to the CFPB.
The bureau will focus on redlining, loan servicing and small business lending in 2017, according to a recent blog post.
The bureau also announced a slew of other appointments, including chief information officer, chief financial officer and a pair of assistant directors.
The nomination of South Carolina Republican Congressman Mick Mulvaney as director of the Office of Management and Budget signals that federal regulations are likely to face tough scrutiny in the Trump administration.
The request, filed by the Cause of Action Institute, sought access to CFPB files pertaining to its proposed arbitration rule.
The Consumer Financial Protection Bureau today sued Military Credit Services, LLC $200,000 for making loans with “improper disclosures”.
The Consumer Financial Protection Bureau recently filed legal petitions against two financial companies seeking to force them to cooperate with administrative subpoenas known as “civil investigative demands”.