CFPB Takes Actions Against Credit Repair Companies for Charging Illegal Fees and Misleading Consumers
Companies and Individuals to Pay More Than $2 Million in Penalties and Relinquished Funds.
Newsroom archive
Prepared Remarks of CFPB Director Richard Cordray at the People and Places Conference
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.
CFPB Sues Four Online Lenders for Collecting on Debts Consumers Did Not Legally Owe
Bureau Alleges Companies Deceived Consumers About Debt That Was Not Legally Owed.
CFPB Issues $1.25 Million Fine to Servicemember Auto Lender for Violating Consent Order
Auto Loan Company Failed to Provide Redress For Illegal Collection Tactics.
CFPB Sues Ocwen for Failing Borrowers Throughout Mortgage Servicing Process
Mortgage Servicer’s Widespread Errors, Shortcuts, and Runarounds Cost Borrowers Money, Homes.
Prepared Remarks of CFPB Director Richard Cordray on the Ocwen Enforcement Action Press Call
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...
CFPB Files Suit Against Law Firm for Misrepresenting Attorney Involvement in Collection of Millions of Debts
CFPB Alleges Weltman, Weinberg & Reis Deceived Consumers with Misleading Calls and Letters.
CFPB Fines Experian $3 Million for Deceiving Consumers in Marketing Credit Scores
Credit Reporting Company Misstated How Credit Scores It Sold Were Used.
CFPB Takes Action Against Nationstar Mortgage for Flawed Mortgage Loan Reporting
Bureau’s $1.75 Million Civil Penalty for Persistent and Substantial Reporting Errors is the CFPB’s Largest Penalty to Date for HMDA Violations.
Prepared Remarks of CFPB Director Richard Cordray on the RD Legal Funding Enforcement Action Press Call
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...
CFPB and New York Attorney General Sue RD Legal for Scamming 9/11 Heroes Out of Millions of Dollars in Compensation Funds
CFPB and NY Also Accuse Company of Deceiving National Football League Concussion Victims.
CFPB and State of Virginia Take Action Against Woodbridge Gold & Pawn for Deceiving Consumers About Loan Costs
Pawnbroker to Pay Restitution to Consumers and End Deceptive Disclosures.
Prepared Remarks of CFPB Director Richard Cordray on the RushCard Enforcement Action Press Call
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...
CFPB Orders Mastercard and UniRush to Pay $13 Million for RushCard Breakdowns That Cut Off Consumers' Access to Funds
Preventable Failures Left Tens of Thousands of Economically Vulnerable Consumers Unable to Pay for Necessities.
CFPB Orders Prospect Mortgage to Pay $3.5 Million Fine for Illegal Kickback Scheme
Real Estate Brokers and Mortgage Servicer That Took Kickbacks from Prospect Also Ordered to Pay $495,000.
CFPB Sues Debt Relief Attorneys for Collecting Illegal Fees from Struggling Consumers
Lawyers Revived an Illegal Debt Relief Scheme that the CFPB Previously Shut Down.
CFPB Orders Citi Subsidiaries to Pay $28.8 Million for Giving the Runaround to Borrowers Trying to Save Their Homes
Mortgage Servicers Kept Borrowers in the Dark About Options, Demanded Excessive Paperwork.
Prepared Remarks of CFPB Director Richard Cordray on the TCF Bank Enforcement Action Press Call
Thank you for joining the call. Today, we are suing TCF National Bank for tricking consumers to opt in for costly overdraft services. We believe TCF trained...
CFPB Sues TCF National Bank for Tricking Consumers Into Costly Overdraft Service
Bank Obscured Fees, Adopted Loose Definition of Consent to Preserve Overdraft Revenue.
CFPB Sues Nation's Largest Student Loan Company Navient for Failing Borrowers at Every Stage of Repayment
Navient, Formerly Part of Sallie Mae, Illegally Cheated Borrowers Out of Repayment Rights Through Shortcuts and Deception.
Prepared Remarks of CFPB Director Richard Cordray on the Navient Enforcement Action Press Call
Today the Bureau is filing a lawsuit against Navient (formerly part of Sallie Mae), which is the nation's largest servicer of both federal and private...
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.
CFPB Orders TransUnion and Equifax to Pay for Deceiving Consumers in Marketing Credit Scores and Credit Products
Credit Reporting Companies Misstated the Cost and Usefulness of the Credit Scores and Products They Sold, Lured Consumers into Costly Recurring Payments.
Consumer Financial Protection Bureau Takes Second Action Against Military Credit Services for Improper Contract Disclosures
Bureau Orders Lender to Pay $200,000 Civil Penalty.
CFPB Takes Action Against Pawn Companies for Deceiving Consumers About Loan Costs
Bureau Alleges Four Virginia Pawnbrokers Disclosed Misleading Annual Percentage Rates.
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