The CFPB Puts Companies on Notice About Harmful Debt Collection Practices
The CFPB also announced that it is now accepting debt collection complaints and is publishing action letters for consumers to consider using in...
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CFPB Takes Action to Stop Florida Company From Engaging in Illegal Debt-Relief Practices
The Bureau plans to submit a proposed consent order that, if approved by the court, would halt the company's operation, prevent the company and owner from...
CFPB Takes Action Against Two Companies for Charging Illegal Debt-Relief Fees
According to the CFPB complaint, the defendants, Mission Settlement Agency (Mission) and related entities and individuals, and Premier Consultant Group LLC...
CFPB and State Partners Obtain Refunds for Consumers Charged Illegal Debt-Relief Fees
A Bureau investigation found evidence that the defendant, Payday Loan Debt Solution, Inc. (PLDS), routinely charged consumers upfront fees prior to settling...
CFPB Report Details How the Nation’s Largest Credit Bureaus Manage Consumer Data
Among the key takeaways in the report, which is one of the most comprehensive studies of credit reporting to date, are that credit card history dominates...
CFPB to Oversee Debt Collectors
Today, the Consumer Bureau is issuing a new regulation to expand our supervision program to oversee these credit reporting companies. The authority to...
CFPB and U.S. Department of Education Joint Report Finds a Cycle of Boom and Bust in Private Student Loan Market
According to the CFPB's estimates, outstanding student loan debt in the United States topped $1 trillion in 2011 — $864 billion of federal student debt and...
CFPB to Supervise Credit Reporting
The Bureau adopted a rule today to begin supervising larger consumer reporting agencies, which include what are popularly called credit bureaus or credit...
CFPB Proposes Rule to Supervise Larger Participants in Consumer Debt Collection and Consumer Reporting Markets
"Our proposed rule would mean that those debt collectors and credit reporting agencies that qualify as larger participants are subject to the same...