When we take an enforcement action against an entity or person we believe has violated the law, we will post court documents and other related materials here.
The Bureau may enforce the law by filing an action in federal district court or by initiating an administrative adjudication proceeding. Administrative proceedings are conducted by an Administrative Law Judge, who holds hearings and issues a recommended decision. Proceedings are conducted in accordance with the Rules of Practice for Adjudication Proceedings.
On February 10, 2015, the Bureau issued an order against New Day Financial, LLC (NewDay), a Maryland-based, nonbank mortgage lender owned by Chrysalis Holdings, a private company focused on originating refinance mortgage loans guaranteed by the United States Department of Veterans Affairs.
CFPB ordered Continental Finance Company LLC, a subprime credit card company based in Delaware, to refund an estimated $2.7 million to approximately 98,000...
