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.
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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.
Prepared Remarks of CFPB Director Richard Cordray at the Consumer Advisory Board Meeting
Today, I want to talk to you about some of the issues people encounter when they are paying back debts. Specifically, I want to discuss the debt collection...
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.
Prepared Remarks of CFPB Director Richard Cordray to the Community Bank Advisory Council
I welcome our Community Bank Advisory Council and we are happy to see all of you. Today we will talk about promoting financial education among consumers...
Prepared Remarks of Richard Cordray Director of the Consumer Financial Protection Bureau
Credit Union Advisory Council Meeting, Washington, D.C.
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...
Prepared Remarks of CFPB Director Richard Cordray on Field Hearing on Debt Collection
Thank you all for coming today. I am glad to be here
in California, which has actively sought to protect its consumers from bad debt
collection practices.
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...
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...
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...