The CFPB has officially opened up its online forum for accepting consumer complaints geared at those who have experienced issues from online marketplace lenders. The bureau also released a bulletin about the marketplace lending industry and provided tips for consumers who are looking for alternative...
In an effort to stem oversight efforts that would curtail overdraft programs from lenders, the National Association of Federal Credit Unions (NAFCU) has urged that the Consumer Financial Protection Bureau stop its intent to roll back those offerings. In a letter to CFPB Director Richard...
The Consumer Financial Protection Bureau said Wednesday (March 2) that it has taken action against Dwolla, an online payment platform company. The enterprise, said the bureau, deceived consumers about the firm’s data security and the safety of its payment platform. As a result, said the...
The Consumer Financial Protection Bureau (CFPB) released its latest monthly consumer complaint snapshot on Tuesday (March 1), showing a spike in recent months in the number of complaints from consumers about prepaid products. “Prepaid products provide a crucial financial lifeline to many unbanked and underbanked...
The Consumer Financial Protection Bureau said Tuesday (Feb. 23) that it has taken two separate actions against Citibank, tied to both illegal debt sales and illegal debt collection practices. In a release, the bureau stated that, in the case of the first action, the bank...
As American poet, entrepreneur and scholar Sean “P. Diddy/Puff Daddy/Puffy” Combs famously observed in his 1998 classic, “it’s all about the Benjamins (baby).” And at no time is that more clear than during quarterly earnings season and last week had a veritable buffet on order....
