CFPB

Analysis Claims $88.6M Laundered Via Crypto Exchanges

Analysis Claims $88.6M Laundered Via Crypto Exchanges
Analysis Claims $88.6M Laundered Via Crypto Exchanges
September 28, 2018  |  Cryptocurrency

For years, law enforcement has feared that bitcoin could make money laundering easier. And now, in a new analysis of 2,500 suspected crypto crimes that made...

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CFPB Sues Cos Making Loans Against Future Pension Payments
CFPB Sues Cos Making Loans Against Future Pension Payments
September 14, 2018  |  CFPB

The Consumer Financial Protection Bureau (CFPB) announced that it has filed a complaint against multiple parties, accusing them of making loans against future pension payments....

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Wells’ Plan To Compensate Auto Insurance Holders Rejected
Wells’ Plan To Compensate Auto Insurance Holders Rejected
September 12, 2018  |  Legal & Regulation

Wells Fargo has seen U.S. regulators turn down its plan to pay back customers who purchased auto insurance they didn’t need. Get the Full Story...

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CFPB Ombudsman Quits, Says Bureau ‘Abandoned’ Consumers
CFPB Ombudsman Quits, Says Bureau ‘Abandoned’ Consumers
August 28, 2018  |  CFPB

Seth Frotman, an assistant director and student loan ombudsman for the Consumer Financial Protection Bureau (CFPB), had some harsh words for acting CFPB Director Mick Mulvaney...

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Are Big Changes Coming To The Military Lending Act?
Are Big Changes Coming To The Military Lending Act?
August 14, 2018  |  Alternative Credit

Changes may soon be coming to the Military Lending Act (MLA), a piece of legislation designed to prevent military service members from getting swept up...

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The Regulatory Future Of Payday Lending
The Regulatory Future Of Payday Lending
August 14, 2018  |  Alternative Credit

Payday and short-term lending is a contentious topic in the United States, particularly when it comes to its regulation. The loans, usually for small-dollar amounts and...

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Wells Considers Lending To Students With Government Debt
Wells Considers Lending To Students With Government Debt
August 14, 2018  |  Loans

Wells Fargo might give its shrinking student lending business a boost by focusing on borrowers with U.S. government loans. The lender would offer loans to...

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CFPB Settles With Payday Lender Over Scam Fees
CFPB Settles With Payday Lender Over Scam Fees
August 13, 2018  |  CFPB

The Consumer Financial Protection Bureau announced Friday (August 10) that it entered into a settlement agreement with Richard Moseley, Sr., Richard Moseley, Jr., and 20 interrelated...

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