Consumer Financial Protection Bureau
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Recent News About Consumer Financial Protection Bureau
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WASHINGTON, D.C. - The federal government has reached a settlement in its lawsuit against Hydra Group over allegations the payday lending company violated federal consumer financial laws.
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A federal district court in the Western District of Missouri entered an Order effectuating a settlement between the Bureau of Consumer Financial Protection (Bureau) and Richard Moseley, Sr., Richard Moseley, Jr., and 20 interrelated corporate entities controlled by Moseley, Sr. and Moseley, Jr., in the Bureau’s lawsuit regarding the unlawful origination and servicing of short-term, small-dollar online loans to consumers nationwide.
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The Bureau of Consumer Financial Protection (Bureau) finalized amendments to implement legislation that allows financial institutions that meet certain requirements to be exempt from sending annual privacy notices to their customers.
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AUSTIN — Texas is leading a 14-state coalition that recently filed a "friend-of-the-court" brief challenging the constitutionality of the Consumer Financial Protection Bureau (CFPB).
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Bureau of Consumer Financial Protection (Bureau) filed in federal district court a proposed settlement with TCF National Bank regarding its marketing and sale of overdraft services.
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WASHINGTON (Legal Newsline) — The Consumer Financial Protection Bureau recently resolved its allegations against a small-dollar lender who failed to disclose finance charges in its advertisements.
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WASHINGTON (Legal Newsline) — National Credit Adjusters LLC (NCA) has reached a settlement with the Consumer Financial Protection Bureau (CFPB) over allegations it violated the Consumer Financial Protection Act and the Fair Debt Collection Practices Act.
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Bureau of Consumer Financial Protection (Bureau) announced a settlement with National Credit Adjusters, LLC (NCA), a privately-held company headquartered in Hutchinson, Kansas, and its former CEO and part-owner, Bradley Hochstein.
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WASHINGTON, D.C. — Citibank has reached a $335 million agreement with the Consumer Financial Protection Bureau to settle claims the company violated the Truth in Lending Act for not re-evaluating and reducing annual percentage rates for 1.75 million of its consumer credit card accounts.
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WASHINGTON, D.C. — The Consumer Financial Protection Bureau has reached a $5 million settlement with a South Carolina business and its' subsidiaries regarding allegations of improper debt collection and credit furnishing practices.
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NEW YORK (Legal Newsline) — New York Attorney General Barbara D. Underwood announced June 5 that she is leading a coalition of 14 attorneys general in drafting a letter to the Consumer Financial Protection Bureau (CFPB), urging it to keep its public database of consumer complaints.
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BALTIMORE, Md. (Legal Newsline) – Maryland Attorney General Brian E. Frosh announced May 21 that Gary L. Klopp, an executive in the mortgage industry, has been barred from the industry for two years and ordered to pay $525,000 by U.S. District Judge Richard Bennett.
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AUSTIN, Texas (Legal Newsline) – Two financial service companies are suing the Consumer Financial Protection Bureau (CFPB) and its acting director over allegations the agency is "virtually eliminating" payday loans.
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WASHINGTON (Legal Newsline) – Two Virginia companies that are attempting to block an investigation by the Consumer Financial Protection Bureau have filed a motion for summary judgment.
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SACRAMENTO, Calif. (Legal Newsline) — California Attorney General Xavier Becerra announced April 26 he is leading a coalition of 16 attorneys general in protecting the investigative authority of the Consumer Financial Protection Bureau (CFPB).
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LAS VEGAS (Legal Newsline) – Plaintiff lawyers and those in legal marketing and funding businesses gathered last week in Las Vegas for an annual mass tort conference.
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WASHINGTON (Legal Newsline) — The Consumer Financial Protection Bureau (CFPB) announced April 4 that it is seeking comments and information from interested parties about the overall efficiency and effectiveness of its consumer financial education programs.
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WASHINGTON (Legal Newsline) – Some states will be even more active in financial consumer protection enforcement now that the Consumer Financial Protection Bureau's new director has made it clear the bureau will stay out of the way, an expert on state attorneys general said during a recent interview.
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WASHINGTON (Legal Newsline) — The Federal Trade Commission (FTC) and Consumer Financial Protection Bureau (CFPB) announced March 20 that they have released a report detailing their 2017 activities to protect consumers from illegal debt collection schemes.
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WASHINGTON (Legal Newsline) — The Consumer Financial Protection Bureau (CFPB) announced March 7 that it has issued a request for information (RFI) about the way it conducts its rulemaking process, and it is seeking comments from businesses and the general public.