Bureau Settles With National Credit Adjusters, LLC and Bradley Hochstein
Company and Its Former CEO Engaged In Illegal Debt Collection Practices.
Newsroom
CFPB And FTC Partner To Report On 2017 Activities To Combat Illegal Debt Collection Practices
Report Provides Annual Summary of Actions Under the Fair Debt Collection Practices Act.
CFPB Releases Report on the State of the Credit Card Market
The Bureau of Consumer Financial Protection (Bureau) today released its biennial report on the state of the credit card market.
CFPB Sues Think Finance For Collecting On Debts That Consumers Did Not Legally Owe
Bureau Alleges That Think Finance Deceived Consumers Into Paying Debts That Were Not Valid.
CFPB Sues Debt-Relief Companies Illegally Posing As Federal Government
Bureau Alleges that Three Companies and Their Owners Charged Illegal Advance Fees, Lied About Debt-Relief Results.
CFPB Issues Interim Final Rule To Help Mortgage Servicers Communicate With Certain Borrowers At Risk Of Foreclosure
Bureau Also Seeks Comment on Separate Proposed Rule Modifying Timing Requirements for Bankruptcy Periodic Statements.
CFPB Takes Action Against National Collegiate Student Loan Trusts, Transworld Systems for Illegal Student Loan Debt Collection Lawsuits
All 800,000 Loans Will Be Independently Audited, Companies Will Pay at Least $21.6 Million and Stop Suing for Invalid or Unverified Debts.
CFPB Supervision Recovers $14 Million in First Half of 2017 for Over 100,000 Consumers Harmed by Illegal Practices
Bureau Supervision Requires Some Companies to Change Practices to Prevent Future Violations.
CFPB Report Finds That 9 in 10 of the Highest-Risk Student Loan Borrowers Were Not Enrolled in Affordable Repayment Plans
Nearly Half of the Highest-Risk Borrowers Not Enrolled in an Affordable Repayment Plan Redefault.
CFPB Files Suit Against Law Firm for Misrepresenting Attorney Involvement in Collection of Millions of Debts
CFPB Alleges Weltman, Weinberg & Reis Deceived Consumers with Misleading Calls and Letters.
CFPB Sues Debt Relief Attorneys for Collecting Illegal Fees from Struggling Consumers
Lawyers Revived an Illegal Debt Relief Scheme that the CFPB Previously Shut Down.
CFPB Survey Finds Over One-In-Four Consumers Contacted By Debt Collectors Feel Threatened
CFPB Also Releases Study of Consumer Risks in Online Debt Sales, Consumer Stories of Debt Collection Experiences.
CFPB Takes Action Against Two Law Firms for Misrepresenting Attorney Involvement to Collect on Medical Debts
Bureau Orders Medical Debt Collection Law Firms and their President to Refund $577,135 to Consumers.
CFPB Monthly Complaint Snapshot Spotlights Debt Collection Complaints
Report Also Looks at Consumer Complaints from Arizona.
CFPB and New York Attorney General File Lawsuit Against Illegal Nationwide Debt Collection Scheme
Alleges Network of Sham Collections Companies Harass, Threaten, and Deceive Millions of Consumers.
CFPB Projects that One-in-Three Rehabilitated Student Loan Borrowers Will Re-default Within Two Years
Gaps in Student Loan Rehab Programs Trap Vulnerable Borrowers in Default, May Cost Consumers $125 Million in Unnecessary Interest Charges Alone.
CFPB Orders Navy Federal Credit Union to Pay $28.5 Million for Improper Debt Collection Actions
Credit Union Used False Threats to Collect Debts and Placed Unfair Restrictions on Account Access.
Consumer Financial Protection Bureau Expands Foreclosure Protections
The Bureau today finalized new measures to ensure that homeowners and struggling borrowers are treated fairly by mortgage servicers. The updated rule...
Consumer Financial Protection Bureau Considers Proposal to Overhaul Debt Collection Market
Today the Bureau outlined proposals under consideration that would overhaul the debt collection market by capping collector contact attempts and by helping...
Consumer Financial Protection Bureau Supervisory Actions Return $24.5 Million To A Quarter-Million Consumers Harmed By Illegal Activities
Report Highlights Violations in Auto Origination, Debt Collection, Mortgage Origination and Small-dollar Lending.
CFPB Takes Action to Halt Illegal Debt Collection Practices By Lawsuit Mill and Debt Buyer
CFPB Bars Law Firm, Debt Buyer from Churning Out Illegal Collections Lawsuits and Imposes $2.5 Million in Penalties.
CFPB Halts Student Loan Debt Relief Scam
Student Aid Institute Illegally Tricked Borrowers Into Paying Fees for Federal Loan Benefits The Bureau today took action to halt a student loan debt relief...
CFPB Monthly Complaint Snapshot Examines Debt Collection Complaints
Report Also Includes Look at Consumer Complaints from Florida Today, the Bureau released its latest monthly consumer complaint snapshot, highlighting...
CFPB Report Highlights High Rate of Debt Collection Complaints From Servicemembers and Their Families
CFPB Enforcement Actions Returned Over $5 Million to Servicemembers in 2015 The Bureau released an annual report today from the Office of Servicemember...
CFPB Wins Final Judgment Against Morgan Drexen for Illegal Debt-Relief Scheme
Court Rules that Morgan Drexen and Walter Ledda Charged Illegal Upfront Fees and Deceived Consumers At the request of the Bureau, a federal district court...