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...
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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...
Prepared Remarks of CFPB Director Richard Cordray on Call About Encore and Portfolio Recovery Associates Enforcement Action
Thank you all for joining us on this call. Today the Bureau is taking action against Encore Capital Group and Portfolio Recovery Associates, the two largest...
CFPB Launches Its First-Ever Monthly Complaint Snapshot to Spotlight Consumer Trends
Report Includes In-Depth Look at Debt Collection Complaints and Complaints from Milwaukee, Wis. Today the Bureau launched the first in a new series of...
CFPB, 47 States and D.C. Take Action Against JPMorgan Chase for Selling Bad Credit Card Debt and Robo-Signing Court Documents
Chase Ordered to Overhaul Debt Sales and Halt Collections on 528,000 Consumers' Accounts Today the Bureau and Attorneys General in 47 states and the...
Prepared Remarks of CFPB Director Richard Cordray on the JPMorgan Chase Debt Collection Enforcement Action Press Call
Thank you for joining this call. Today the Bureau is teaming up with our state partners across the country to take action against JPMorgan Chase for selling...
CFPB to Oversee Nonbank Auto Finance Companies
Bureau Publishes Exam Procedures for Supervised Companies in $900 Billion Market.
CFPB Sues Participants in Robo-Call Phantom Debt Collection Operation
Bureau Also Obtains a Temporary Restraining Order to Halt Illegal Operation and Freeze Assets of Operation's Leaders The Bureau announced today that it has...
CFPB Takes Action Against “Bad Check” Debt Collector
Nationwide Operation Deceptively Threatened Consumers with Criminal Prosecution and Jail Time for Writing Bounced Checks Today, the Bureau announced an...
Prepared Remarks of CFPB Director Richard Cordray at the National Association of Attorneys General
Robert F. Kennedy once said something that is apt for the work we all do: "The challenge of politics and public service is to discover what is interfering...
Prepared Remarks of CFPB Deputy Director Steven Antonakes at The Exchequer Club
The Bureau does not have a safety and soundness mandate. Nevertheless, we very much care about the financial health of banks and nonbanks. As a veteran of...
CFPB and States Take Action Against Freedom Stores for Illegal Debt Collection Practices Against Servicemembers
Retailer and Debt Collectors to Provide Over $2.5 Million in Consumer Relief for Illegal Lawsuits and Unauthorized Debits The Bureau and the Attorneys...
CFPB Takes Action to End Student “Debt Relief” Scams
CFPB Warns Borrowers About Companies Charging High Fees for Free Federal Loan Repayment Benefits Today, the Bureau took action to put an end to two student...
CFPB Takes First Action Against ‘Buy-Here, Pay-Here’ Auto Dealer
The Bureau today took its first action against a "buy-here, pay-here" car dealer. The dealer, DriveTime, harmed consumers by making harassing debt...
CFPB Report Finds Debt Collection Tops Older Consumer Complaints
Bureau Issues Consumer Advisory with Tips for Older Americans Dealing with Harassing Debt Collectors Today, the Bureau released a report highlighting debt...
Prepared Remarks of CFPB Director Richard Cordray on the Corinthian Enforcement Action Press Call
Today we are taking a public enforcement action against Corinthian Colleges, a for-profit chain of colleges, to put an end to its illegal predatory lending...
CFPB Takes Action Against Global Client Solutions for Processing Illegal Debt-Settlement Fees
Payment Processor to Pay Over $6 Million in Relief to Consumers Today, the Bureau announced an enforcement action against Global Client Solutions, a leading...
CFPB Files Suit Against Debt Collection Lawsuit Mill
Georgia Firm Relies on Deceptive Court Filings and Faulty Evidence to Churn Out Lawsuits Today, the Bureau filed a lawsuit in a federal district court...
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