Search results
CFPB orders debt relief servicer to pay $400,000 for charging advanced fees | JD Supra
JD Supra· 12 hours agoThe CFPB alleged the violations began in January 2016 and ordered a civil money penalty of $400,000. Specifically, the CFPB found the company harmed 5,970 ...
Zero-down mortgages are making a comeback
CNN Business via Yahoo Finance· 3 hours ago‘Read the fine print’ Anneliese Lederer, senior policy counsel at the Center for Responsible Lending, said it’s crucial for homeowners considering the...
What the CFPB’s Supreme Court Victory Means for Financial Institutions | JD Supra
JD Supra· 6 days agoUntil recently, the most popular topic of discussion in the financial services world has been the outcome of the Supreme Court case CFPB v. Community Financial Services Association ...
CFPB Enters Consent Order Over Student Loan Debt Relief Services | JD Supra
JD Supra· 6 days agoOn May 20, 2024, the Consumer Financial Protection Bureau (CFPB) announced that it had entered into a consent order with a California-based telemarketer that offered student ...
CFPB Q1 Circular Recap: Essential Takeaways for Mitigating UDAAP Risk to Remittance Transfer...
JD Supra· 6 days agoIn the first quarter of 2024, the Consumer Financial Protection Bureau (CFPB) issued two Consumer Financial Protection Circulars, putting remittance transfer providers, digital ...
One of the biggest U.S. lenders is offering 0%-down-payment mortgages for first-time home buyers....
MarketWatch via Yahoo Finance· 6 days agoSales of existing homes in the U.S. - Fannie Mae In 2022, UWM was the second-largest company in...
How To Avoid These Common Annoyances With Credit Card Rewards Programs | Bankrate
Bankrate.com· 6 days agoPeople love their credit card rewards. Except when they don’t, which according to a new government...
Wells Fargo CEO Charlie Scharf: Regulators Restricting Corporate Lending Business
PYMNTS.com· 23 hours agoWells Fargo CEO Charlie Scharf reportedly told investors Wednesday (May 29) that the bank could be...
New consumer rule enhances protections for "buy now, pay later"
KOAM· 2 days agoAccording to the Better Business Bureau (BBB), "buy now, pay later" is a service that some retailers...
JD Supra: Wax On, Wane Not: Corporate Investigations and Enforcement Actions are on the Rise at DOJ
JD Supra· 4 days agoThe DOJ said it would not seek guilty pleas where corporations voluntarily disclosed violations, fully cooperated, and quickly remediated the conduct. Cooperating companies could avoid monitorship if they implemented effective compliance programs.
