Trend Results : Consumer Financial Protection Bureau


Blog Post Results (1-20 of 1399)

FILTER RESULTS

WSJ Allows Gingrich To Boost Anti-Consumer Group Without Disclosing He's Paid By Them

The Wall Street Journal published an op-ed by Newt Gingrich attacking the Consumer Financial Protection Bureau (CFPB) and promoting the U.S. Consumer Coalition without disclosing that the anti-CFPB group employs him as a paid adviser. Show More Summary

Judge approves $50 million settlement from Sprint for phone bill cramming

A U.S. judge has approved a $50 million settlement by Sprint with the Consumer Financial Protection Bureau, part of a still broader settlement over allegations it billed customers for services they never wanted.

Sprint Allowed to Settle Cramming Charges for $50M

Sprint has settled accusations with the Consumer Financial Protection Bureau that it over-billed customers for unwanted services. In May, the FCC fined Sprint $68 million for adding third-party services to customer bills without customer permission -- a practice known as cramming. Show More Summary

Consumer Financial Protection Bureau Sues Auto Lender To Military

The Consumer Financial Protection Bureau sued a lender that specializes in used-car loans to military service members, alleging “unlawful acts and practices” used in aggressively collecting overdue payments. The lender, Security National Automotive Acceptance Company, Mason, Ohio, allegedly took advantage of military rules to put pressure on service members to pay [...]

CFPB Proposes Delay Of New Mortgage Rules By Two Months

Prospective homebuyers anticipating a more streamlined disclosure process while buying their dream home may have to wait a little longer, as the Consumer Financial Protection Bureau is proposing a delay to new rules. The CFPB announced...Show More Summary

US Democrats Say GOP Using Discrimination Issue to Weaken Consumer Bureau

Democrats in the US House of Representatives have accused Republicans of using allegations of discrimination to weaken the Consumer Financial Protection Bureau (CFPB), the Hill reported.

CFPB Publishes More Than 7,700 Detailed Financial Grievances To Public-Facing Database

Sharing your nightmare experience with a financial institution, product or service could help another consumer avoid such dastardly situations. And from the looks of the Consumer Financial Protection Bureau’s new public-facing Consumer...Show More Summary

Why did the CFPB delay TRID — and how are loan origination systems preparing?

After the Consumer Financial Protection Bureau (CFPB) decided to delay implementation of a new rule that will affect the homebuying process, many industry players wondered what was behind the decision. The CFPB had remained insistent that the Aug. Show More Summary

CFPB proposes moving TRID rule effective date to Oct. 3

The Consumer Financial Protection Bureau (CFPB) issued a proposed rule yesterday delaying the original Aug. 1 implementation date of its TILA-RESPA Integrated Disclosures (TRID) rule to Oct....

Protecting Borrowers in Dysfunctional Markets: A Major Challenge to CFPB

Dodd/Frank established the Consumer Financial Protection Bureau (CFPB) after the financial crisis to protect consumers in financial markets, but it does not tell the agency how to do it. The need for such protection varies from market...Show More Summary

Cosigning Student Loans Can Be Risky

The U.S. Consumer Financial Protection Bureau says private student loans are causing serious financial setbacks for borrowers and warns of pitfalls accompanying practices that have taken off in the industry over the past couple of years.

Government’s former student loan pointman takes on for-profit college

Rohit Chopra, the former student loan watchdog at the Consumer Financial Protection Bureau, is heading to think tank the Center for American Progress with a plan: To get embattled for-profit ITT Educational Service to change its ways. On Wednesday, Chopra sent a letter to the company's top investors encouraging them to push for reforms at one of […]

Door Slams Hard on Morgan Drexen Debt Settlement Company

Surely a bunch of people at Morgan Drexen are blaming the U.S. Government and Consumer Financial Protection Bureau (CFPB) today for the utter demise of Walter Ledda's creation, Morgan Drexen, on Friday. An insider told me over the weekend, "Just letting you know the court ordered Morgan Drexen's trustee to seize operations immediately. Show More Summary

Proposed CFPB Regulations Will Eliminate Small-Dollar ‘Payday’ Loan Industry?

Are the new regulations on small-dollar “payday” loans proposed by the Consumer Financial Protection Bureau (CFPB) going improve the products for consumers or put this industry out of business? The question is raised that the regulations could eliminate the industry, the Washington Post reports. Show More Summary

After controversial CFPB consent order, Lighthouse Title plays it ‘safe’

Last September, Michigan title company Lighthouse Title became nationally known when the Consumer Financial Protection Bureau CFPB levied a $200,000 penalty against it for entering into what the bureau called “illegal quid pro quo referral agreements” with real estate brokers and others. Now, Lighthouse Title is regrouping by uniting with a neighboring title company...

Risks of Cosigning Student Loans Are Highlighted by Regulator

The U.S. Consumer Financial Protection Bureau says private student loans are causing serious financial setbacks for borrowers and warns of pitfalls accompanying practices that have taken off in the industry over the past couple of years.

Private Student Loans Are Trapping Co-Signers, CFPB Finds

Nine-in-ten borrowers who applied for co-signer release on their private student loans were rejected, a new Consumer Financial Protection Bureau report released Thursday found. Examining 3,100 private student loan complaints received...Show More Summary

CFPB Report Finds 90% Of Student Loan Borrowers Who Seek Co-Signer Release Are Denied

Last year, the Consumer Financial Protection Bureau brought our attention to a relatively new phenomenon in which more and more private student loan borrowers found themselves placed in automatic default – even if they were up-to-date on payments – when their co-signer died or filed for bankruptcy. Show More Summary

Reverse Mortgages: An Understanding Of The Risks

This month, the Consumer Financial Protection Bureau (CFPB) published the article A closer look at reverse mortgage advertisements and consumer risks, which examines its study of advertisements for this product to older homeowners. The...Show More Summary

Consumer watchdog says goodbye to student loan pointman

Rohit Chopra, the student loan watchdog at the Consumer Financial Protection Bureau and a key player in the agency's effort to expose abuses in the student loan market, is stepping down. Chopra, 33, sent a letter of resignation to Treasury Secretary Jack Lew Wednesday, thanking him and others at the department for supporting the bureau's […]

Copyright © 2015 Regator, LLC