CFPB Files Suit Against Nationwide Biweekly for Luring Consumers with False Promises of Mortgage Savings

    OR IMMEDIATE RELEASE: May 11, 2015 CONTACT: Office of Communications Tel: (202) 435-7170 CONSUMER FINANCIAL PROTECTION BUREAU FILES SUIT AGAINST NATIONWIDE BIWEEKLY FOR LURING CONSUMERS WITH FALSE PROMISES OF MORTGAGE SAVINGS Consumers Paid $49 Million in Fees for Deceptive Mortgage Payment Program   WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) filed…

CFPB and State of Maryland Take Action Against “Pay-to-Play” Mortgage Kickback Scheme

    FOR IMMEDIATE RELEASE: April 29, 2015 CONTACT: Office of Communications Tel: (202) 435-7170 CONSUMER FINANCIAL PROTECTION BUREAU AND STATE OF MARYLAND TAKE ACTION AGAINST “PAY-TO-PLAY” MORTGAGE KICKBACK SCHEME Loan Officers and Former Title Company Executives Who Traded Cash and Marketing Services for Illegal Referrals Will Be Banned, Pay Redress and Penalties   WASHINGTON, D.C.…

CFPB Fines Regions Bank $7.5 Million for Unlawful Overdraft Practices

    FOR IMMEDIATE RELEASE: April 28, 2015 CONTACT: Office of Communications Tel: (202) 435-7170 CONSUMER FINANCIAL PROTECTION BUREAU FINES REGIONS BANK $7.5 MILLION FOR UNLAWFUL OVERDRAFT PRACTICES Bank Refunds $49 Million in Illegal Fees to Consumers Who Did Not Opt-In to Overdraft   WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) took action…

CFPB and Federal Trade Commission Take Action Against Green Tree Servicing for Mistreating Borrowers Trying to Save Their Homes

    Green Tree to Pay $48 Million in Borrower Restitution and $15 Million Fine for Servicing Failures WASHINGTON, D.C.– Today, the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) took action against Green Tree Servicing, LLC, for mistreating mortgage borrowers who were trying to save their homes from foreclosure. The mortgage…

CFPB Announces New ‘Know Before You Owe’ Mortgage Shopping Toolkit

    FOR IMMEDIATE RELEASE: March 31, 2015 CONTACT: Office of Communications Tel: (202) 435-7170 CONSUMER FINANCIAL PROTECTION BUREAU ANNOUNCES NEW ‘KNOW BEFORE YOU OWE’ MORTGAGE SHOPPING TOOLKIT “Your Home Loan Toolkit” Will Help Consumers Be Informed Mortgage Shoppers   Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) today released a new toolkit that guides…

NAILTA joins PRODA and files Amicus brief in current litigation against MERS

    National Association of Independent Land Title (NAILTA) has joined with the Pennsylvania Recorder of Deeds Association (PRODA) to file an Amicus brief on behalf of NAILTA and in support of the Montgomery County Recorder’s Office in their current litigation against MERS. Nancy Becker, Montgomery County Recorder and supporter of NAILTA, requested we file an…

CFPB Finalizes Policy to Give Consumers the Opportunity to Voice Publicly Complaints About Financial Companies

    FOR IMMEDIATE RELEASE: March 19, 2015 CONTACT: Office of Communications Tel: (202) 435-7170 CONSUMER FINANCIAL PROTECTION BUREAU FINALIZES POLICY TO GIVE CONSUMERS THE OPPORTUNITY TO VOICE PUBLICLY COMPLAINTS ABOUT FINANCIAL COMPANIES Consumers Can Now Opt-In to Share Complaint Narratives in CFPB’s Public Database   WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB)…