CFPB Takes First Action Against ‘Buy-Here, Pay-Here’ Auto Dealer
The Bureau today took its first action against a "buy-here, pay-here" car dealer. The dealer, DriveTime, harmed consumers by making harassing debt...
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CFPB Takes Action Against Franklin Loan Corporation for Steering Consumers into Costlier Mortgages
Company to Pay $730,000 to Consumers Harmed by Illegal Bonus Program Today, the Bureau ordered a California mortgage lender, Franklin Loan Corporation, to...
CFPB Takes Action Against M&T Bank for Deceptively Advertising Free Checking
M&T to Refund $2.9 Million to Approximately 59,000 Account Holders Who Paid Fees for Free Checking Today the Bureau took action against M&T Bank for...
CFPB Takes Action Against Mortgage Kickback Agreements
Bureau Orders Michigan Title Insurance Agency to Pay $200,000 Today, the Bureau ordered Lighthouse Title, a Michigan title insurance agency, to pay $200,000...
CFPB Takes Action Against Flagstar Bank for Violating New Mortgage Servicing Rules
Today the Bureau took action against Michigan-based Flagstar Bank for violating the CFPB's new mortgage servicing rules by illegally blocking borrowers'...
CFPB Orders U.S. Bank to Pay $48 Million Refund to Consumers Illegally Billed for Services Not Received
Approximately 420,000 Consumers Unfairly Charged for Identity Protection "Add-On" Products to Receive Full Refunds Today, the Bureau is ordering U.S. Bank...
CFPB Sues Online Payday Lender for Cash-Grab Scam
The Hydra Group Uses Phony Payday Loans to Illegally Access Consumer Bank Accounts Today, the Bureau announced its action to halt the operations of an...
CFPB Sues For-Profit Corinthian Colleges for Predatory Lending Scheme
Bureau Seeks More than $500 Million In Relief For Borrowers of Corinthian's Private Student Loans Today, the Bureau sued for-profit college chain Corinthian...
CFPB Takes Action Against Global Client Solutions for Processing Illegal Debt-Settlement Fees
Payment Processor to Pay Over $6 Million in Relief to Consumers Today, the Bureau announced an enforcement action against Global Client Solutions, a leading...
CFPB Takes Action Against Auto Finance Company for Distorting Borrower Credit Reports
First Investors Fined $2.75 Million for Knowingly Providing Inaccurate Information to Credit Reporting Agencies for Years Today the Bureau is taking action...
CFPB Shuts Down USA Discounters’ Servicemember Fee Scam
The Bureau today put an end to a servicemember fee scam run by USA Discounters, Ltd., a company that operates a chain of retail stores near military bases...
CFPB Orders Amerisave To Pay $19.3 Million For Bait-And-Switch Mortgage Scheme
Today, the Bureau took action against Amerisave Mortgage Corporation, its affiliate, Novo Appraisal Management Company, and the owner of both companies...
CFPB and 13 State Attorneys General Obtain About $92 Million in Debt Relief for Servicemembers Harmed by Predatory Lending Scheme
The Bureau and 13 state attorneys general obtained approximately $92 million in debt relief from Colfax Capital Corporation and Culver Capital, LLC, also...
CFPB, FTC and States Announce Sweep Against Foreclosure Relief Scammers
The Bureau, the Federal Trade Commission (FTC), and 15 states announced a sweep against foreclosure relief scammers that used deceptive marketing tactics to...
CFPB Files Suit Against Debt Collection Lawsuit Mill
Georgia Firm Relies on Deceptive Court Filings and Faulty Evidence to Churn Out Lawsuits Today, the Bureau filed a lawsuit in a federal district court...
CFPB Takes Action Against ACE Cash Express for Pushing Payday Borrowers Into Cycle of Debt
Today, the Bureau took enforcement action against ACE Cash Express, one of the largest payday lenders in the United States, for pushing payday borrowers...
CFPB Orders GE Capital to Pay $225 Million in Consumer Relief for Deceptive and Discriminatory Credit Card Practices
The Bureau is ordering GE Capital Retail Bank (GE Capital), now known as Synchrony Bank, to provide an estimated $225 million in relief to consumers harmed...
CFPB, Federal Partners, and State Attorneys General File Order Requiring SunTrust to Provide $540 Million in Relief to Homeowners for Servicing Wrongs
Today, the Bureau, Department of Justice (DOJ), Department of Housing and Urban Development (HUD), and attorneys general in 49 states and the District of...
CFPB Takes Action Against Illegal Mortgage Referrals
Bureau Orders New Jersey Title Company to Pay $30,000 for Illegal Kickback Scheme Today, the Bureau ordered a New Jersey company, Stonebridge Title Services...
CFPB Takes Action Against RealtySouth for Mortgage Disclosure Violations
Today the Bureau ordered RealtySouth, the largest real estate firm in Alabama, to pay $500,000 for inadequate disclosures that could leave consumers unaware...
CFPB Orders Bank Of America To Pay $727 Million In Consumer Relief For Illegal Credit Card Practices
Millions of Consumers Harmed by Bank's Deceptive Marketing and Unfair Credit Card Billing Practices The Bureau has ordered Bank of America, N.A. and FIA...
CFPB Sues For-Profit College Chain ITT For Predatory Lending
Today the Bureau filed a lawsuit against ITT Educational Services, Inc., accusing the for-profit college chain of predatory student lending. The CFPB...
CFPB Takes Action Against Mortgage Lender for Illegal Payments
Today, the Bureau ordered a Connecticut mortgage lender, 1st Alliance Lending, LLC (First Alliance), to pay an $83,000 civil money penalty for violating...
CFPB Takes Action Against PHH Corporation for Mortgage Insurance Kickbacks
Today, the Bureau initiated an administrative proceeding against PHH Corporation and its affiliates (PHH), alleging PHH harmed consumers through a mortgage...
CFPB Takes Action Against Mortgage Kickbacks
Bureau Orders Missouri Lender to Pay $81,000 for Illegal Kickback Scheme Today the Bureau ordered a Missouri mortgage lender, Fidelity Mortgage Corporation...