RSSCFPB sues World Law for UDAAP violations
The Consumer Financial Protection Bureau has obtained a preliminary injunction against World Law Group and its senior leaders for violations of the Dodd-Frank Act.
Category Archives: News
Nation’s two largest debt buyers hit by CFPB
This week, the Consumer Financial Protection Bureau imposed penalties and required refunds in enforcement actions against the country’s two largest debt buyers: Encore Capital Group and Portfolio Recovery Associates.
Industry advocates call for transition period after TRID deadline
The Consumer Financial Protection Bureau has promised to be “sensitive to good-faith efforts” of banks to comply with its new TILA-RESPA Integrated Disclosure Rule, known as TRID, which will take effect on Oct. 3.
Scholars question CFPB’s arbitration study
On March 10, the Consumer Financial Protection Bureau published a study that was critical of arbitration clauses as a consumer tool for disputes with lenders and servicers.
CFPB sues two pension loan companies
The Consumer Financial Protection Bureau filed a lawsuit in federal court this week against two companies that offered consumers pension loans.
Citizens Bank fined by CFPB
This week the Consumer Financial Protection Bureau levied a significant fine on Citizens Bank for mishandling discrepancies in customer deposits.
Electronic mortgage closings may help consumers, CFPB says
The use of eClosing platforms may help customer comprehension and efficiency during mortgage closings, according to a report from the Consumer Financial Protection Bureau.
CFPB takes action against payment processor, mortgage servicer
The Consumer Financial Protection Bureau has issued enforcement actions against Paymap, Inc., and Loancare Servicing for deceptive advertising for a mortgage payment program.
Fuchs named CFPB’s acting deputy director
On July 22, the CFPB announced that Meredith Fuchs will serve as acting deputy director after Deputy Director Steve Antonakes departs the agency at the end of July.
Honda settles with CFPB over auto loan inequalities
Last week, the Consumer Financial Protection Bureau announced a $24 million settlement with Honda Motor Company.
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