CFPB Takes Action to Shut Down Illegal Student Debt Relief Scheme
Student Loan Processing.US and Owner Charged Student Loan Borrowers Millions in Illegal Fees Today the Bureau requested that a federal district court enter...
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CFPB Orders Citibank to Provide Relief to Consumers for Illegal Debt Sales and Collection Practices
Citibank Sold Credit Card Debt with Inflated Interest Rates; Debt Collectors for Citibank Altered Affidavits The Bureau today took two separate actions...
CFPB Monthly Complaint Snapshot Examines Debt Settlement, Check Cashing, and Other Financial Service Complaints
Report Includes Look at Consumer Complaints from New York State and the New York City Metro Area Today, the Bureau released its latest monthly consumer...
CFPB Takes Action to Stop Illegal Debt Collection Lawsuit Mill
Order Would Bar Georgia Law Firm from Churning Out Illegal Collections Lawsuits and Require $3.1 Million Penalty Today, the Bureau filed a proposed consent...
CFPB Takes Action Against Debt Collector for Pursuing Disputed and Unverified Cellphone Debts
EOS to Pay More than $2.5 Million in Refunds and Penalties Today the Bureau filed a federal complaint against EOS CCA (EOS), a Massachusetts debt collection...
CFPB Recovers $107 Million in Relief for More Than 238,000 Consumers Through Supervisory Actions
Examiners Uncover Illegal Practices in Student Loan Servicing, Mortgage Origination and Servicing, Consumer Reporting, and Debt Collection Markets Today the...
CFPB Orders Indirect Auto Finance Company to Provide Consumers $44.1 Million in Relief for Illegal Debt Collection Tactics
Westlake Services and Wilshire Consumer Credit Pressured Borrowers with Illegal Threats and Phony Caller IDs.
CFPB Takes Action Against the Two Largest Debt Buyers for Using Deceptive Tactics to Collect Bad Debts
Encore and Portfolio Recovery Associates Must Refund Millions of Dollars and Overhaul Debt Collection and Litigation Practices Today the Bureau took action...
CFPB Launches Its First-Ever Monthly Complaint Snapshot to Spotlight Consumer Trends
Report Includes In-Depth Look at Debt Collection Complaints and Complaints from Milwaukee, Wis. Today the Bureau launched the first in a new series of...
CFPB, 47 States and D.C. Take Action Against JPMorgan Chase for Selling Bad Credit Card Debt and Robo-Signing Court Documents
Chase Ordered to Overhaul Debt Sales and Halt Collections on 528,000 Consumers' Accounts Today the Bureau and Attorneys General in 47 states and the...
CFPB to Oversee Nonbank Auto Finance Companies
Bureau Publishes Exam Procedures for Supervised Companies in $900 Billion Market.
CFPB Sues Participants in Robo-Call Phantom Debt Collection Operation
Bureau Also Obtains a Temporary Restraining Order to Halt Illegal Operation and Freeze Assets of Operation's Leaders The Bureau announced today that it has...
CFPB Takes Action Against “Bad Check” Debt Collector
Nationwide Operation Deceptively Threatened Consumers with Criminal Prosecution and Jail Time for Writing Bounced Checks Today, the Bureau announced an...
CFPB and States Take Action Against Freedom Stores for Illegal Debt Collection Practices Against Servicemembers
Retailer and Debt Collectors to Provide Over $2.5 Million in Consumer Relief for Illegal Lawsuits and Unauthorized Debits The Bureau and the Attorneys...
CFPB Takes Action to End Student “Debt Relief” Scams
CFPB Warns Borrowers About Companies Charging High Fees for Free Federal Loan Repayment Benefits Today, the Bureau took action to put an end to two student...
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...
CFPB Report Finds Debt Collection Tops Older Consumer Complaints
Bureau Issues Consumer Advisory with Tips for Older Americans Dealing with Harassing Debt Collectors Today, the Bureau released a report highlighting debt...
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 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 Supervision Report Highlights Risky Practices In Nonbank Markets
Overall CFPB Supervision Activities Return More than $70 Million to 775,000 Consumers The Bureau today issued a report highlighting illegal actions...
Consumers Report Being Hounded About Debts Not Owed
The Bureau today issued a report on the more than 30,000 consumer complaints it has received about the debt collection market. The report finds that many...
CFPB Considers Debt Collection Rules
The Bureau today took the first step toward considering consumer protection rules for the debt collection market. Through its Advance Notice of Proposed...
CFPB Takes Action Against Meracord for Processing Illegal Debt-Settlement Fees
Payment Processor to Pay $1.376 Million for Aiding Illegal Practices by Debt-Settlement Companies Today, the Bureau announced an enforcement action against...
CFPB Files Suit Against Morgan Drexen for Charging Illegal Fees and Deceiving Consumers
The company falsely claims that it does not charge consumers upfront fees for debt-relief services and falsely represents to consumers that they will become...