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CFPB issues warning on ‘fine-print tactics‘ used to ‘trick‘ consumers
HousingWire via Yahoo Finance· 1 day agoOn Tuesday, the CFPB released a circular warning companies that use "fine-print tactics to trick...
A major student-loan company has 'illegally' tried to collect payments from borrowers whose balances...
Business Insider via Yahoo News· 5 days agoThe CFPB is requesting that the court require PHEAA to provide relief to impacted consumers and pay...
CFPB to Create Registry of Consumer Law-Breaking Nonbank Financial Companies
PYMNTS.com· 2 days agoThe registry is meant to help law enforcement across the United States identify and stop repeat...
CFPB: Lenders Must Stop Hiding Unlawful Terms in Fine Print
PYMNTS.com· 22 hours agoThe Consumer Financial Protection Bureau (CFPB) is warning businesses against hiding “unlawful or...
Mortgage 'junk fees' can add nearly $6,000 to the cost of buying a home. The Biden administration...
Morningstar· 5 days agoThe Consumer Financial Protection Bureau said Thursday it's launching a public inquiry into "junk fees" that the agency says are increasing mortgage closing costs. "Junk fees and excessive closing ...
CFPB creates registry to detect corporate repeat offenders
Retail Banker International via Yahoo Finance· 2 days agoThe new registry is part of the CFPB’s ongoing focus on holding lawbreaking companies accountable...
Open Banking Standards to Include Consumer Voice, CFPB Says (1)
Bloomberg Law· 15 hours agoA final rule published on the CFPB’s website late Tuesday and subsequently taken down said the agency will require each member of the standard-setting body, including consumer ...
CFPB Launches Public Inquiry into Rising Mortgage Closing Costs and ‘Junk Fees’
The National Law Review· 20 hours agoThe Consumer Financial Protection Bureau (CFPB) has launched a public inquiry into rising mortgage closing costs, seeking to understand the reasons behind the increase, identify ...
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...
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,” ...