Consumer Financial Protection Bureau
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Federal agency really doesn't want former employee testifying against its Navient case
SCRANTON – The federal Consumer Financial Protection Bureau is fighting an order that would allow one of its former staffers to testify against it in Pennsylvania federal court. -
Judge told to allow former CFPB researcher to testify against the agency's Navient lawsuit
SCRANTON, Pa. (Legal Newsline) - The Consumer Financial Protection Bureau's lawsuit against student loan giant Navient suffered a setback on March 19 when a federal judge was told a key Navient witness shouldn't be disqualified. -
Elizabeth Warren's Trojan Horse
Populated by zealous Obama administration holdovers, the CFPB is unaccountable to Trump and taxpayers. -
Consumer protection agency sues bank over allleged failures to right unauthorized use, billing errors
PROVIDENCE, R.I. (Legal Newsline) - A federal consumer protection agency has filed suit against a bank over claims it failed to investigate and reimburse credit card holders following unauthorized use and billing errors. -
Tax prep firm doesn't respond to demands for information from consumer protection agency
ATLANTA (Legal Newsline) - A tax preparation firm that also offers checks in anticipation of refunds has failed to respond to requests for information from a federal consumer protection agency, according to a filing in federal court in Atlanta. -
CFPB alleges Monster Loans, others illegally obtained consumer reports to sell fake services
LOS ANGELES (Legal Newsline) – Monster Loans, Lend Tech and others are facing allegations by The Bureau of Consumer Financial Protection of illegally obtaining consumer reports and marketing false student loan debt-relief services. -
Lawsuit: A federal agency answers to no one and can harass business owners into bankruptcy
NEW YORK (Legal Newsline) - A New Jersey lawyer who operates a debt-collection service has sued the Consumer Financial Protection Bureau, saying the agency is unconstitutional and has harassed her firm and its clients by seeking privileged communications. -
AEI scholar: Evidence shows CFPB doesn't have a case against Navient
SCRANTON, Pa. (Legal Newsline) - American Enterprise Institute (AEI) resident fellow Jason Delisle said a recently unsealed brief showed that Navient Corporation was simply doing its job when offering forbearance as an option to borrowers. -
Newly unsealed documents show how CFPB cherry picked evidence in case against Navient
Documents officially unsealed by Pennsylvania’s Clerk of Court on Wednesday detail new evidence that student loan server Navient Corporation had no system in place to direct borrowers toward forbearance despite evidence to the contrary presented by the Consumer Financial Protection Bureau (CFPB). -
Broker offering high interest credit to veterans settles consumer board charges for $1
WASHINGTON, D.C. — A broker of pension assignments who allegedly violated the Consumer Financial Protection Act by offering high-interest credit to veterans, has settled with the federal government for $1, according to the Consumer Financial Protection Bureau. -
21-state coalition asks consumer board to abandon recent rule changes for regulatory, licensing
ALBANY — A 21-state coalition of attorneys general is asking the federal government to abandon recent proposals that the coalition argues would give financial services companies immunity from certain regulatory and licensing requirements. -
Payday lender accused of making harassing calls to borrowers' references settles with government
WASHINGTON (Legal Newsline) — A payday retail lender operating in several states has settled charges by the federal government of failing to prevent overcharges, making harassing collection calls to borrowers' references and falsely advertising services that the company did not really offer. -
California attorney general blasts consumer bureau's recent rollback of payday lending rules
SACRAMENTO — California's attorney general has criticized the Consumer Financial Protection Bureau's (CFPB) recent reversion of its Payday, Vehicle Title and Certain High-Cost Installment Loans rule, arguing the rule protects against predatory lending. -
Consumer protection bureau to revise requirements for payday, single-payment vehicle title loans
WASHINGTON, D.C. — The Consumer Financial Protection Bureau has announced a proposal to take away sections of its "Payday, Vehicle Title and Certain High-Cost Installment Loans" rule that pertains to underwriting requirements for payday, single-payment vehicle title and long-term balloon payment loans in an effort to increase access to credit for consumers. -
Consumer Fraud Protection Bureau wants to oversee lenders to the military
The Consumer Financial Protection Bureau (CFPB) is seeking Congressional approval to oversee lenders who serve military members and their families to insure Military Lending Act (MLA) compliance. -
National bank to pay $15.5 million to settle alleged Transfer Act violations
WASHINGTON, D.C. — USAA Federal Savings Bank will pay approximately $12 million in restitution and a $3.5 million fine to settle charges by the federal government that the bank violated the Electronic Fund Transfer Act. -
Coalition condemns consumer protection board's non-oversight of Military Lending Act
SACRAMENTO — California's attorney general is the latest to join a bipartisan, multistate coalition condemning the Consumer Financial Protection Bureau's (CFPB) decision to eliminate oversight of lender compliance of the Military Lending Act (MLA). -
12-state coalition argues financial protection board proposal weakens consumer safeguards
CHICAGO — A coalition of 12 state attorneys general is arguing for the federal government to either withdraw or modify a proposal that would allow companies to offer financial products without compliance with federal disclosure laws. -
U.S. settles with company over alleged delayed transfers of customer payments to debt buyers
WASHINGTON, D.C. — The Consumer Financial Protection Bureau has reached a settlement with Bluestem Brands Inc., Bluestem Enterprises Inc., and Bluestem Sales Inc., (the Bluestem companies) to resolve allegations of delaying transfers of customer payments to debt buyers. -
Consumer Financial Protection Bureau employee alleges she earns less than male counterparts
WASHINGTON (Legal Newsline) – A federal employee alleges that she is paid less than her male co-workers with the same experience.