CFPB

CFPB
CFPB Sues CitiFinancial, CitiMortgage; Fines Them $28.8M
January 24, 2017

The Consumer Financial Protection Bureau announced Monday (Jan. 23) that it took separate actions against CitiFinancial Servicing and CitiMortgage for allegedly giving struggling homeowners the runaround when they were looking for options to avoid losing their homes. Get the Full Story Complete the form to...

CFPB
CFPB Gets Green Light To Investigate Tribal Lenders
January 24, 2017

The Consumer Financial Protection Bureau got the nod Friday (Jan. 20) from a California appeals court that it can go after Native American tribal lenders that market payday loans. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

CFPB Shuffles Exec Deck Days Before Inauguration
January 09, 2017

With less than two weeks before Donald Trump’s inauguration, the Consumer Financial Protection Bureau has released five changes to its senior leadership lineup. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

CFPB
Older Borrowers Struggle With Student Loans
January 06, 2017

The Consumer Financial Protection Bureau (CFPB) released a report Thursday (Jan. 5) that shows the impact of student loan debt on long-term financial security, with the government watchdog reporting it does in fact create a lot of financial strife down the road. Get the Full...

CFPB
CFPB Fines Equifax, TransUnion For Misleading Consumers
January 04, 2017

The Consumer Financial Protection Bureau said Tuesday (Jan. 3) that it has fined TransUnion and Equifax amid allegations that the two companies misled consumers about “the usefulness and actual cost” of the credit scores that had been sold, according to a release by the bureau....

CFPB
CFPB Looks To Regulate Overdrafts In 2017
January 03, 2017

The CFPB is casting a critical eye on overdraft fees charged by banks — despite facing an uncertain future in the Trump administration. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

CFPB
The CFPB’s Uncertain 2017
January 03, 2017

If asked in September about what kind of year 2017 was going to be, CFPB officials most likely would have spoken mostly about their ongoing plans to make the world a better place for consumers. Get the Full Story Complete the form to unlock this...

Wells Fargo’s Reputation Rebuilding Strategy
December 28, 2016

Despite it being an uphill battle, Wells Fargo is continuing its attempt to win back customers and improve its reputation. Now, the strategy is to work with customers to make it right, on a one-on-one basis. Get the Full Story Complete the form to unlock...

CFPB
Debt Collection Practices No. 1 Consumer Complaint In November
December 28, 2016

When it comes to complaints lodged with the Consumer Financial Protection Bureau about debt collection, the government agency said attempts to collect debt on money that is not owed were the number one complaint. Get the Full Story Complete the form to unlock this article...