Deputy Director Martinez’s Prepared Remarks at the Consumer Law Scholars Conference
Deputy Director Martinez delivered prepared remarks on the CFPB’s junk fees work at the Consumer Law Scholars Conference in Berkeley, California.
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CFPB Shuts Down Mortgage Loan Business of RMK Financial for Repeat Offenses Against Military Families
Today, the Consumer Financial Protection Bureau (CFPB) permanently banned RMK Financial Corporation, which does business as Majestic Home Loans, from the mortgage lending industry by prohibiting RMK from engaging in any mortgage lending activities or receiving remuneration from mortgage lending.
CFPB Orders TitleMax to Pay a $10 Million Penalty for Unlawful Title Loans and Overcharging Military Families
Today, the Consumer Financial Protection Bureau (CFPB) took action against a web of corporate entities operating under TMX Finance, broadly known as TitleMax, for violating the financial rights of military families and other consumers in providing auto title loans.
CFPB Takes Action to Halt Debt Collection Mill From Bombarding Consumers with Junk Lawsuits
The Consumer Financial Protection Bureau (CFPB) has reached a settlement in its lawsuit against law firm Forster & Garbus, LLP for illegal debt-collection practices.
CFPB and New York Attorney General Sue Credit Acceptance for Hiding Auto Loan Costs, Setting Borrowers Up to Fail
Today, the Consumer Financial Protection Bureau (CFPB) and the New York State Office of the Attorney General sued a predatory auto lender, Credit Acceptance Corporation, for misrepresenting the cost of credit and tricking its customers into high-cost loans on used cars.
La CFPB y el Fiscal General de New York demandan a Credit Acceptance por Ocultar los Costos de Préstamos Automotrices para Condenar a los Prestatarios al Fracaso
La CFPB y la Fiscal General de NY demandan a Credit Acceptance por ocultar el costo del crédito y engañar a sus clientes con préstamos de altos costos.
La CFPB le Ordena a la Compañía Servicio UniTeller Reembolsar Tarifas Cobradas y Pagar Multa por Violar normativa de Remesas
La CFPB emitió una orden contra la compañía UniTeller por múltiples violaciones a los requisitos exigidos en transferencias electrónicas de fondos.
CFPB Orders Servicio UniTeller to Refund Fees and Pay Penalty for Failing to Follow Remittance Rules
Today, the CFPB issued an order against Servicio UniTeller, an international remittance company, for multiple violations of the requirements governing electronic money transfers, including failing to refund customers after the company made money transfer errors.
Prepared Remarks of CFPB Director Rohit Chopra on the Wells Fargo Law Enforcement Action
Today, the CFPB is ordering Wells Fargo to pay more than $2 billion in redress to over 16 million consumers and a $1.7 billion civil penalty for widespread illegal activity across its major product lines for which it has never been held to account.
CFPB Orders Wells Fargo to Pay $3.7 Billion for Widespread Mismanagement of Auto Loans, Mortgages, and Deposit Accounts
CFPB is ordering Wells Fargo Bank to pay more than $2 billion in redress to consumers and a $1.7 billion civil penalty for legal violations across several of its largest product lines.
La CFPB le Ordena a Wells Fargo Pagar $3.7 Billones por el Mal Manejo de Préstamos para Autos, Hipotecas y Cuentas de Depósito
La CFPB le ordena a Wells Fargo pagar $2 billones a consumidores y 1.7 billones en multas por violaciones legales en varias de sus líneas de productos.
CFPB Proposes Rule to Create Repeat Offender Registry of Nonbank Financial Institutions
Today, the CFPB proposed requiring certain nonbank financial firms to register with the CFPB when they become subject to certain local, state, or federal consumer financial protection agency or court orders.
La CFPB Propone Registro para Detectar Delincuentes Reincidentes
La CFPB propone exigir a firmas no bancarias registrase cuando sean sujetos a órdenes de agencias de protección financiera del consumidor u órdenes judiciales
La CFPB Toma Acciones por $19 Millones contra Loan Doctor y Edgar Radjabli por Ofrecer Falsas Cuentas Bancarias de Alto Rendimiento
La CFPB tomó acción contra Loan Doctor y su fundador por engañar a los consumidores con supuestas cuentas con retornos garantizados en bancos comerciales.
CFPB Takes $19 Million Action Against Loan Doctor and Edgar Radjabli for Offering Fake High-Yield Bank Accounts
Today, the Consumer Financial Protection Bureau (CFPB) took action against Loan Doctor to resolve the CFPB’s claims that the company and its founder, Edgar Radjabli, broke the law by deceiving consumers into thinking they were depositing funds into a guaranteed return savings product within a commercial bank.
CFPB and New York Attorney General Take Action Against Companies that Cheated 9/11 Victims
The CFPB and the New York Attorney General today took action against RD Legal Funding, two related entities, and the companies’ founder and owner, Roni Dersovitz to resolve their claims that defendants engaged in deceptive and abusive acts or practices under the Consumer Financial Protection Act in connection with offering cash advances to people on their settlement payouts from victim-compensation funds.
La CFPB y el Fiscal General de New York Tomarán Acciones Contra las Compañías que Engañaron a las Víctimas de los Atentados del 11/9
La CFPB y el Fiscal General de New York tomarán acciones contra las compañías que engañaron a las víctimas de los atentados del 11/9
La CFPB Toma Acciones Contra Carrington Mortgage por negarle a Propietarios sus Derechos Bajo la Ley CARES
Esta compañía cobró tarifas y reportó de forma inexacta información crediticia de propietarios a pesar de las protecciones establecidas durante la era de la pandemia.
CFPB Takes Action Against Carrington Mortgage for Cheating Homeowners out of CARES Act Rights
Company wrongly charged fees and inaccurately reported homeowner credit information despite pandemic-era housing protections.
Statement of CFPB Director Rohit Chopra on Complaint Against ACTIVE Network
The CFPB is suing ACTIVE Network, a payments platform used by families across the country to sign up for community activities, including camps and events sponsored by the YMCA, Girl Scouts, and charity race organizers.
CFPB Sues Payment Platform Used by YMCA Camps and Charity Race Organizers for Illegally Cramming Consumers With Junk Membership Fees
ACTIVE Network generated more than $300 million in membership fees using digital dark patterns and online trickery.
CFPB Orders Regions Bank to Pay $191 Million for Illegal Surprise Overdraft Fees
Repeat offender will refund at least $141 million to customers and pay $50 million penalty.
CFPB Takes Action Against Hello Digit for Lying to Consumers About Its Automated Savings Algorithm
The Consumer Financial Protection Bureau (CFPB) is taking action against Hello Digit, LLC, a financial technology company that used a faulty algorithm that caused overdrafts and overdraft penalties for customers. Hello Digit was meant to save people money, but instead the company falsely guaranteed no overdrafts with its product, broke its promises to make amends on its mistakes, and pocketed a portion of the interest that should have gone to consumers.
CFPB Fines U.S. Bank $37.5 Million for Illegally Exploiting Personal Data to Open Sham Accounts for Unsuspecting Customers
Today, the Consumer Financial Protection Bureau (CFPB) took action against U.S. Bank for illegally accessing its customers’ credit reports and opening checking and savings accounts, credit cards, and lines of credit without customers’ permission. U.S. Bank pressured and incentivized its employees to sell multiple products and services to its customers, including imposing sales goals as part of their employees’ job requirements.
Director Chopra’s Prepared Remarks at a Joint DOJ, CFPB Press Event on the Trident Enforcement Action
Director Chopra delivered remarks on redlining at the joint press event.