Pursuant to a consent order entered into with the Consumer Financial Protection Bureau (CFPB), Continental Finance Company must refund $2.7 million to approximately 98,000 customers and pay a $250,000 penalty to the Bureau.
US Senator Patrick Leahy said that government whistleblowers need adequate protection against retaliation, especially in the Federal Bureau of Investigation.
"HOW TO GET AWAY WITH SOCIAL JUSTICE" AGENCIES Which Have Been Targeted For "Racism" Over Time Ferguson Police Department Drug Enforcement Administrator Federal Bureau Of Prisons Federal Bureau Of Investigation Number Of Uniformed Officers/Employees...Show More Summary
Outer Continental Shelf sand will protect infrastructure, restore dunes and habitat The U.S. Bureau of Ocean Energy Management (BOEM) and Naval Air Station Oceana at Dam Neck,
The Dodd-Frank law that set up the Consumer Financial Protection Bureau said that the new agency could not regulate car dealers. It’s trying to regulate them anyway. I wrote about what it’s doing, and the bipartisan opposition it’s inspiring, at Bloomberg.
In a standoff worthy of a John Wayne movie, a group of "welfare" ranchers in Eureka County, Nev. is blocking the release of federally protected wild horses back to public lands after the Bureau of Land Management (BLM) treated the horses with a birth control vaccine. Show More Summary
Last year the Consumer Financial Protection Bureau began an initiative urging credit card issues to provide consumers with free credit scores on their monthly bills. Since then, a number of financial institutions have begun providing...Show More Summary
Ever since the Consumer Financial Protection Bureau released its findings that almost half of homebuyers don't shop around for the best rate on their mortgage, I've been trying to make sense of this revelation. It's not that it's shocking...Show More Summary
The Consumer Financial Protection Bureau (CFPB) deplores the fact that almost half of the home buyers it recently surveyed did not shop for a mortgage but dealt with a single loan provider. To encourage shopping, the agency has developed a "Check Interest Rate" tool. Show More Summary
Consumer Financial Protection Bureau targeting lenders that falsely claim that the government endorses their products
California officials will launch a new effort aimed at protecting children by combating student truancy, trauma, human trafficking and education discrimination.
The Consumer Financial Protection Bureau continued its ongoing crackdown of companies deceptively marketing products to U.S. veterans by ordering NewDay Financial, LLC to pay $2 million and revamp its business practices. The CFPB announced...Show More Summary
They charge as much as 300% interest and they exploit the poorest people who need loans. Now the Obama Administration is planning on regulating them: The Consumer Financial Protection Bureau, created after the 2008 financial crisis, will soon release the first draft of federal regulations to govern a wide range of short-term loans. The rules [...]
While reverse mortgages are only available to a select group of consumers – those 62 years and older – the alternative loan product still makes up a large portion of complaints received by the Consumer Financial Protection Bureau. Today,...Show More Summary
The Consumer Financial Protection Bureau seeks to limit payday lenders. | The prime minister of Greece says he will carry out his campaign to roll back austerity. | Hidden cash is flowing into high-end real estate. | Shares of HSBC fall on tax avoidance claims.
The Consumer Financial Protection Bureau is starting to draw up regulations that could sharply reduce the number of unaffordable loans from payday lenders.
The Consumer Financial Protection Bureau (CFPB) recently unveiled an internet-based tool designed to help consumers shop effectively for the lowest possible mortgage interest rate. For this tool to work, it must help mortgage shoppers...Show More Summary
In the Consumer Financial Protection Bureau’s second action against unscrupulous credit card companies this week, it has ordered a subprime credit card issuer to refund $2.7 million to customers for illegally charging costly fees. The...Show More Summary
Back in December, the Consumer Financial Protection Bureau filed a lawsuit against a Texas-based company that allegedly deceived consumers into paying fees to sign up for a sham credit card. The Bureau’s mission to shut down the company continued today when it asked a federal district court to make the company pay a $70,000 fine and permanently ban Union Workers … [More]
Shortly after the Consumer Financial Protection Bureau reported that it secured $480 million in student loan relief for current and former students of embattled Corinthian Colleges Inc., Education Credit Management Corporation – theShow More Summary