The Consumer Financial Protection Bureau announced on Tuesday (March 15) that it is taking action to bring down a student debt relief scheme that illegally charged millions of dollars to borrowers through upfront fees for federal student loan services. Get the Full Story Complete the form...
We’re just one day from hearing what CFPB Director Richard Cordray has to say about the regulatory environment of consumer financial services in the U.S., as he is set to deliver his semi-annual report to Congress on Wednesday (March 16). Get the Full Story Complete...
The Consumer Financial Protection Bureau said on Tuesday (March 8) that it has released its latest supervision report, and its review of both banks and nonbanks gave rise to $14.3 million in restitution to about 228,000 customers, due to several areas of violations, including remittances....
The CFPB has officially opened up its online forum for accepting consumer complaints geared at those who have experienced issues from online marketplace lenders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
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. Get the Full Story Complete the form...
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. Get the Full Story Complete...
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. Get the Full Story Complete the form to unlock this article and...
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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
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).” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
