Are businesses, including lenders, hurting from financial regulations and consumer protections under the Dodd-Frank legislation enacted by Democrats in 2010? President Trump thinks so. Trump signed an executive order Friday…
The nation’s largest servicer of both federal and private student loans allegedly failed borrowers “systematically and illegally,” according to a lawsuit filed by the U.S. Consumer Financial Protection Bureau. Navient,…
The CFPB fined the three companies almost $800,000 in total in fines for making false promises to potential borrowers, which included claims that they could never lose their homes.
Offering a small incentive to prepaid card users to put some of their money into a savings “wallet” doubled uptake of the wallet.
The U.S. Consumer Financial Protection Bureau says that Americans often fall victim to unauthorized auto debits.
Nearly two weeks after Russell Simmons’ RushCard fiasco came to light, the U.S. Consumer Financial Protection Bureau says it is investigating the freezing of financial accounts that left customers without access to their funds.
The CFPB saw a 56 percent increase in the number of credit reporting complaints submitted by consumers between June 2015 (4,289 complaints) — and July 2015 (6,969 complaints).
About 7 million consumer accounts were affected by Citibank’s “deceptive” marketing, billing, and administration of debt protection and credit monitoring add-on products, the Bureau said.
Issues with debt collectors, mortgage servicers and credit reporting agencies made up the top three categories in the U.S. Consumer Financial Protection Bureau’s first monthly report on complaint volume. Consumer…
Past practices by Honda Finance resulted in thousands of African-American, Hispanic, and Asian and Pacific Islander borrowers paying higher interest rates than white borrowers for their auto loans, according to U.S. authorities.