Newsroom
Proposed Order Would Shutter Post-Settlement Funding Business, End Deceptive Business Practices, and Impose Penalties.
All 800,000 Loans Will Be Independently Audited, Companies Will Pay at Least $21.6 Million and Stop Suing for Invalid or Unverified Debts.
Bureau Orders Zero Parallel and Its Owner to Pay $350,000 and Stop Their Abusive Practices.
Company Banned From Offering Credit Repair Services and Required to Pay $150,000 Penalty.
Consumers Harmed By Inferior Card Terms, Including Higher Interest Rates, Stricter Credit Cutoffs, and Less Debt Forgiveness, Receive Over $95 Million in Redress.
Bureau’s Proposed Settlement Seeks $183.3 million in Relief for 41,000 Harmed Student Borrowers.
Bureau’s Order Requires Bank to Pay $4.6 Million Penalty.
Bureau Concerned About Companies Misleading Consumers About Pay-By-Phone Fees, Keeping Them in the Dark About Much Cheaper Options.
Companies and Individuals to Pay More Than $2 Million in Penalties and Relinquished Funds.
Good afternoon and thank you. And let me thank all the groups represented here at the conference. You raise awareness about the need for fairness, honesty, and justice in business, housing, civic life, and economic development.
By
Richard Cordray
Bureau Alleges Companies Deceived Consumers About Debt That Was Not Legally Owed.
Auto Loan Company Failed to Provide Redress For Illegal Collection Tactics.
Mortgage Servicer’s Widespread Errors, Shortcuts, and Runarounds Cost Borrowers Money, Homes.
Today the Bureau is filing a lawsuit against Ocwen, one of the nation's largest nonbank mortgage servicers. We are seeking relief to compensate consumers...
By
Richard Cordray
CFPB Alleges Weltman, Weinberg & Reis Deceived Consumers with Misleading Calls and Letters.
Credit Reporting Company Misstated How Credit Scores It Sold Were Used.
Bureau’s $1.75 Million Civil Penalty for Persistent and Substantial Reporting Errors is the CFPB’s Largest Penalty to Date for HMDA Violations.
Thank you for joining today's call. It is my honor to be working alongside Attorney General Eric Schneiderman on this matter. He is one of the toughest and...
By
Richard Cordray
CFPB and NY Also Accuse Company of Deceiving National Football League Concussion Victims.
Pawnbroker to Pay Restitution to Consumers and End Deceptive Disclosures.
Thank you all for joining me on this call. Today, the Consumer Bureau is taking action against UniRush, which administers the RushCard, and Mastercard, its...
By
Richard Cordray
Preventable Failures Left Tens of Thousands of Economically Vulnerable Consumers Unable to Pay for Necessities.
Real Estate Brokers and Mortgage Servicer That Took Kickbacks from Prospect Also Ordered to Pay $495,000.
Lawyers Revived an Illegal Debt Relief Scheme that the CFPB Previously Shut Down.
Mortgage Servicers Kept Borrowers in the Dark About Options, Demanded Excessive Paperwork.
