Newsroom
Thank you all for joining us. Today we are announcing that the Consumer Bureau is taking its first enforcement action against discriminatory auto lending...
By
Richard Cordray
Ally to Pay Additional $18 Million in Civil Penalties for Harming More Than 235,000 Minority Borrowers.
Today the Bureau, authorities in 49 states, and the District of Columbia are filing a proposed court order requiring the country's largest nonbank mortgage...
By
Richard Cordray
Largest Nonbank Servicer Will Also Refund $125 Million to Foreclosure Victims and Adhere to Significant New Homeowner Protections Today, the Bureau...
Today the Bureau is filing its first online lending lawsuit. We believe that CashCall, WS Funding, and Delbert Services, along with J. Paul Reddam, who owns...
By
Richard Cordray
Today the Bureau took its first action against an online loan servicer, CashCall Inc., its owner, its subsidiary, and its affiliate, for collecting money...
Today the Bureau is ordering GE Capital Retail Bank and its subsidiary, CareCredit, to refund up to $34.1 million to consumers who were victims of deceptive...
By
Richard Cordray
More than 1 Million Consumers Were Potential Victims of Misleading Practices Today the Bureau is ordering GE Capital Retail Bank and its subsidiary...
Cash America to Refund up to $14 Million for Robo-Signing and Illegally Overcharging Servicemembers The Bureau today took its first enforcement action...
Chairman Rockefeller, Ranking Member Thune, and distinguished Members of the Committee, I'd like to thank you for the opportunity to speak with you today...
By
Holly Petraeus
Republic Mortgage Insurance Corporation to Pay $100,000 Fine and Halt Illegal Activity The Bureau today took action against Republic Mortgage Insurance...
Chairman Johnson, Ranking Member Crapo, and Members of the Committee, thank you for inviting me to testify today about the fourth Semi-Annual Report of the...
By
Richard Cordray
Company to Pay $9 Million in Restitution and $4 Million in Civil Penalties Update November 13, 2013: A copy of the final order can be found at...
The Bureau today filed a lawsuit in federal district court against a Kentucky law firm, Borders & Borders, PLC, and its principals, for illegally paying...
Payment Processor to Pay $1.376 Million for Aiding Illegal Practices by Debt-Settlement Companies Today, the Bureau announced an enforcement action against...
I'd like to express my gratitude to the Comptroller of the Currency, Tom Curry, for his leadership on this issue. The Bureau was created, in part, to make...
By
Richard Cordray
The Bureau ordered Chase Bank USA, N.A. and JPMorgan Chase Bank, N.A. to refund an estimated $309 million to more than 2.1 million customers for illegal...
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...
The CFPB alleges that the company violated the rule with its quarterly bonus program, which paid more than 150 Castle & Cooke loan officers greater bonus...
We have determined that these two companies developed a joint program that engaged in deceptive marketing and lending practices while providing subprime...
By
Richard Cordray
The two companies must return about $6.5 million to servicemembers for failing to properly disclose all the fees charged to participants in the companies'...
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...
The Bureau today ordered a Texas homebuilder, Paul Taylor, to surrender more than $100,000 he received in kickbacks for referring mortgage origination...
According to the CFPB complaint, the defendants, Mission Settlement Agency (Mission) and related entities and individuals, and Premier Consultant Group LLC...
Today, we are here to announce that through the joint efforts of the Consumer Bureau and the Department of Justice, we are putting an end to unfair and...
By
Richard Cordray
