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Consumer Bureau to Create ‘Corporate Offender’ Registry
New York Times· 2 days agoThe goal, the consumer bureau said, is to make it easier for consumers, watchdogs and government...
Open Banking Standards to Include Consumer Voice, CFPB Says (1)
Bloomberg Law· 9 hours agoIndustry bodies seeking to set standards for consumers to share their banking data will have to include consumer advocates and small companies alongside banks and larger financial firms in their ...
CFPB Hits Student Loan Servicer Over Bankruptcy-Discharged Loans
Bloomberg Law· 5 days agoA major student loan servicer is facing an enforcement action from the Consumer Financial Protection Bureau alleging it falsely reported students’ debt to consumer credit reporting companies ...
US financial watchdog announces registry of nonbank corporate offenders
Reuters via Yahoo Finance· 2 days ago"Too many American families and businesses have been harmed by repeat offenders in a rinse repeat...
Americans paid nearly $6,000 in junk fees to mortgage companies in one year. The federal government...
Market Watch· 5 days ago“Junk fees and excessive closing costs can drain down payments and push up monthly mortgage costs,”...
CFPB to require nonbanks to register outside enforcement orders
Compliance Week· 1 day agoThe rule mandates nonbank financial companies register with the bureau when they become subject to a “written order imposing obligations based on violations of certain consumer protection laws ...
Consumer protection agency goes after ‘repeat offenders’
The Hill· 2 days ago“Too often, financial firms treat penalties for illegal activity as the cost of doing business,”...
CFPB sues student loan servicer PHEAA for pursuing borrowers for loans discharged in bankruptcy
Retail Banker International via Yahoo Finance· 5 days agoFurther, it seeks redress to borrowers it has harmed and payment of a civil penalty. “PHEAA has...
CFPB launches inquiry into junk fees in mortgage closing costs
Retail Banker International via Yahoo Finance· 6 days agoThat is because they have to absorb the higher costs or pass them on to borrowers. “Junk fees and...
US financial watchdog announces registry of nonbank corporate offenders By Reuters
Investing.com· 2 days ago"Too many American families and businesses have been harmed by repeat offenders in a rinse repeat...