Consumer Financial Protection Bureau
Recent News About Consumer Financial Protection Bureau View More
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CFPB, Dodd-Frank reforms won't happen soon, CFPB expert says
WASHINGTON (Legal Newsline) – Despite legislation to increase the number of Consumer Financial Protection Bureau's directors to five, and support noised by the White House, a consumer financial services attorney active in New York and Philadelphia says not to expect it soon. -
When, how or will Trump change consumer protection bureau's leadership
Richard Cordray, a former Ohio attorney general, remains the head of the Consumer Financial Protection Bureau, considered a thorn in the side of many Republicans. Some experts say they are surprised President Donald Trump hasn’t yet given Cordray the boot. -
Institutions should include CFPB's database in risk assessment
WASHINGTON (Legal Newsline) – The Consumer Financial Protection Bureau’s website could be used as a data-mining tool for plaintiffs attorneys, says Douglas Thompson of Bryan Cave. -
Attorney: Teamwork necessary for CFPB, N.Y. attorney general to sue RD Legal Funding
WASHINGTON (Legal Newsline) – A company accused of scamming 9/11 heroes and NFL concussion victims is facing an uphill legal battle, according to one lawyer. -
Consumer board targets law firms over alleged illegal fees
WASHINGTON (Legal Newsline) —The Consumer Financial Protection Bureau (CFPB) announced Jan. 30 that it has filed a complaint in federal court against a group of law firms and attorneys who allegedly collaborated to charge illegal fees to consumers seeking debt relief. -
MasterCard, UniRush to pay $13 million in penalties for alleged system breakdowns
WASHINGTON (Legal Newsline) — The Consumer Financial Protection Bureau (CFPB) has taken action against MasterCard and UniRush following allegations of system breakdowns that caused harm to tens of thousands of economically vulnerable RushCard users. -
Consumer board targets Woodbridge Gold & Pawn for alleged customer deception
WASHINGTON (Legal Newsline) — The Consumer Financial Protection Bureau (CFPB) announced Feb. 2 that, along with Virginia Attorney General Mark Herring, that it took action against Woodbridge Coins and Jewelry Exchange Inc., doing business as Woodbridge Gold & Pawn, for allegedly deceiving consumers about the actual annual costs of loans. -
Officials say legal funding company scammed 9/11 heroes, NFL concussion victims
WASHINGTON (Legal Newsline) — The Consumer Financial Protection Bureau (CFPB) announced Feb. 7 that, along with New York Attorney General Eric Schneiderman, it has filed a lawsuit against RD Legal LLC, two related entities and Roni Dersovitz, the companies’ founder and owner, for allegedly scamming 9/11 heroes and NFL concussion victims out of money. -
Consumer board orders Prospect Mortgage to pay $3.5 million for alleged kickback scheme
WASHINGTON (Legal Newsline) —The Consumer Financial Protection Bureau (CFPB) announced Jan. 31 that Prospect Mortgage LLC will pay a $3.5 million civil penalty for allegedly paying illegal kickbacks for mortgage business referrals. -
Consumer financial board alleges CityFinancial Servicing, CitiMortgage misled consumers
WASHINGTON (Legal Newsline) —The Consumer Financial Protection Bureau (CFPB) announced Jan. 23 that it took separate actions against CitiFinancial Servicing and CitiMortgage Inc. for business practices involving struggling homeowners seeking options to save their homes. -
Structured settlement company argues CFPB shouldn’t bring action against it in light of D.C. Circuit ruling
The company, listed on the lawsuit as John Doe Company, filed the lawsuit against the Consumer Financial Protection Bureau and Director Richard Cordray in the U.S. District Court for the District of Columbia Jan. 10. -
CFPB orders medical debt relief collection law firms to pay $577,135 to consumers
WASHINGTON (Legal Newsline) — The Consumer Financial Protection Bureau (CFPB) announced Jan. 9 that it is ordering Works and Lentz Inc., Works and Lentz of Tulsa Inc., and their president, Harry A. Lentz Jr., to provide $577,135 in relief to consumers, correct their business practices and pay a $78,800 penalty for allegations of falsifying documents sent to consumers in the debt collection process. -
CFPB targets Equifax, TransUnion, orders them to pay $23 million in penalties
WASHINGTON (Legal Newsline) — The Consumer Financial Protection Bureau (CFPB) announced Jan. 3 that it took action against Equifax Inc., TransUnion and other subsidiaries for allegedly deceiving consumers about the cost and usefulness of the credit scores it sold. -
Consumer board alleges Virginia pawnbrokers deceived consumers about loans
WASHINGTON (Legal Newsline) — The Consumer Financial Protection Bureau (CFPB) announced lawsuits Dec. 19 against four Virginia pawnbrokers that allegedly deceived consumers about the cost of loans. -
CFPB unveils Consumer Credit Trends to provide consumers with historical lending trends
WASHINGTON (Legal Newsline) — The Consumer Financial Protection Bureau (CFPB) announced Dec. 15 the unveiling of Consumer Credit Trends, a digital tool that will help consumers monitor developments in lending and forecast potential risks. -
CFPB alleges Military Credit Services in Virginia violated federal laws
WASHINGTON (Legal Newsline) — The Consumer Financial Protection Bureau (CFPB) announced a lawsuit Dec. 20 against Military Credit Services LLC (MCS) for allegedly making loans with improper disclosures. -
CFPB report on college-bank deals: Many schools more focused on bottom line, not students
WASHINGTON (Legal Newsline) — The Consumer Financial Protection Bureau (CFPB) announced Dec. 14 a report detailing that costly fees and risky features often are attached to college-sponsored accounts. -
CFPB blog post details key areas of 2017 focus for agency's fair lending department
WASHINGTON (Legal Newsline) — The Consumer Financial Protection Bureau (CFPB) released a blog post Dec. 16 by Patrice Ficklin of the fair lending department that details the key areas her team will focus on in 2017. -
Attorney: ‘Very likely’ CFPB will finalize proposed arbitration rules before Obama’s departure
President-Elect Donald Trump and Vice President-Elect Mike Pence are to be inaugurated Jan. 20. The Consumer Financial Protection Bureau is expected to issue its final set of rules prohibiting arbitration clauses that prevent class action lawsuits by then. -
CEI, in agenda for new Congress, pushes lawmakers to rein in federal agencies
The Competitive Enterprise Institute’s congressional agenda, which was released last week, focuses on eight policy areas, including regulatory reform and agency oversight, banking and finance, and labor and employment, among other topics.