Consumer arbitration: Latest News, Top Stories & Analysis

WASHINGTON, D.C. — The Federal Trade Commission has issued an advisory opinion stating that the Holder Rule does not prevent state law from providing costs or attorneys’ fees against loan holders, …

Consumer Financial Protection Bureau (CFPB)

National

CFPB Sues Software Company That Helps Credit-Repair Businesses Charge Illegal Fees

September 22, 2021September 22, 2021 - by MyChesCo

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) filed a lawsuit this week in federal district court accusing a California-based software company and its owner of providing assistance to …

National

CFPB Takes Action Against Debt-Settlement Company for Charging Consumers Unlawful Fees

May 18, 2021May 18, 2021 - by MyChesCo

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) requested this week that a federal district court enter a final judgment and order that, if entered by the court, would …

National

CFPB Takes Action Against SettleIt, Inc. for Steering Consumers into High-Cost Loans

April 15, 2021April 15, 2021 - by MyChesCo

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) took action this week against an online debt-settlement company for taking advantage of consumers, failing to disclose its relationship to certain …

National

CFPB Submits 2020 Report to Congress on the Administration of the Fair Debt Collection Practices Act

March 24, 2021March 23, 2021 - by MyChesCo

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) this week released the 2020 annual report to Congress on the administration of the Fair Debt Collection Practices Act (FDCPA).