FOR IMMEDIATE RELEASE: May 14, 2015 CONTACT: Office of Communications Tel: (202) 435-7170 CONSUMER FINANCIAL PROTECTION BUREAU LAUNCHES PUBLIC INQUIRY INTO STUDENT LOAN SERVICING PRACTICES Bureau Seeks Information On Industry Practices That Can Create Student Debt...
NATIONAL ASSOCIATION OF INDEPENDENT LAND TITLE AGENTS
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...
Prepared Remarks of CFPB Director Richard Cordray on the Credit Reporting Press Call
FOR IMMEDIATE RELEASE: May 5, 2015 CONTACT: Office of Communications Tel: (202) 435-7170 Prepared Remarks of Richard Cordray Director of the Consumer Financial Protection Bureau Credit Reporting Press Call Washington, D.C. May 5, 2015 Thank you for joining us on this...
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...
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...
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...
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...
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...
CFPB Study Finds That Arbitration Agreements Limit Relief for Consumers
March 10, 2015 WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau released a study indicating that arbitration agreements restrict consumers’ relief for disputes with financial service providers by limiting class actions. The report found that, in the...
CFPB Takes Action Against NewDay Financial for Deceptive Mortgage Advertising and Kickbacks
The CFPB has taken another action against - NewDay Financial, LLC - for deceptive mortgage advertising and kickbacks. In short, NewDay deceived consumers about a veterans’ organization’s endorsement of NewDay products and also participated in a scheme to pay...