U.S. consumers logged growth in complaints to the CFPB, especially focused on debt collectors. Mortgages remain a problem in terms of accurate and timely communication with holders.
The Consumer Financial Protection Bureau said on Monday (April 25) that it ordered the debt collection law firm Pressler & Pressler, two principal partners and another debt buyer — New Century Financial Services — to “stop churning out unfair and deceptive debt collection lawsuits based...
The Consumer Financial Protection Bureau is readying its final rule proposal with an eye on limiting arbitration clauses, in a move that is expected to come on May 5. The Wall Street Journal reported that the limitation of those clauses would help boost the ability...
Free. What can be better than free? “Free” is so alluring that songwriters have created a boatload of songs about the concept. Prince, who sadly passed away last week, has a song called “Free.” “Be glad that U r free,” the lyrics go, and I...
The Consumer Financial Protection Bureau said on Tuesday (April 12) that it is adding half a dozen professionals to a number of leadership positions at the organization. Elizabeth Ellis has now been designated by the CFPB as deputy associate director for the external affairs division, while having...
In a hearing up on Capitol Hill, CFPB Director Richard Cordray detailed his agency’s record on the continuing fight against financial fraud, and some Republicans were less than impressed.
In a bit of jousting just before the Consumer Financial Protection Bureau is slated to present a semiannual report to Congress, senators on both sides of the aisle alternately championed and decried the bureau’s track record on protecting consumers from various financial malfeasances. As noted...
The CFPB announced yesterday (March 30) that it has taken action against a student loan debt relief scam that causes borrowers to pay for illegal fees tied to federal loan benefits that the company claimed to be associated with the Department of Education. According to...
The Consumer Financial Protection Bureau said Tuesday (March 29) that it has released its newest monthly consumer complaint snapshot, which, as per usual, spotlights complaints tied to debt collection. And perhaps to the surprise of no one, the highest-ranking agitator of consumer nerves were the attempts...
