Chester County News and Community Website
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has made news by suing student loan service provider Pennsylvania Higher Education Assistance Agency (PHEAA), operating as American Education Services (AES). …
Student Loan Giant PHEAA Sued by CFPB for Harmful Practices: An Unraveling Saga Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has initiated a public inquiry into the mounting junk fees that are elevating mortgage closing costs. The bureau aims to uncover …
CFPB Launches Inquiry Into Rising Mortgage Closing Costs and Junk Fees Read More
WASHINGTON, D.C. — In a significant shift, the Consumer Financial Protection Bureau (CFPB) recently ruled that Buy Now, Pay Later lenders are credit card providers according to the law. This …
“Buy Now, Pay Later” No Longer the Wild West: CFPB Rules Lenders Must Provide Full Credit Card Protections Read More WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has taken decisive action against Western Benefits Group, a company based in Pleasanton, California, for charging illegal advance fees for student …
CFPB Shuts Down Western Benefits Group for Illegal Student Loan Fees Read More WASHINGTON, D.C. — Imagine for a moment that you’ve borrowed money under the premise of zero-interested loans, only to be tricked into paying hidden fees disguised as “tips” or “donations”. …
SoLo Funds Under Fire: CFPB Sues Fintech Giant for Deceptive Loan Tactics Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has announced the distribution of over $384 million to approximately 191,000 consumers harmed by Think Finance, a Texas-based online lender. This …
CFPB Distributes $384 Million to Consumers Deceived by Think Finance Read More
WASHINGTON, D.C. — Aimed at addressing the impact of inflation, the Consumer Financial Protection Bureau (CFPB) and the Federal Reserve Board recently announced updates to Regulation CC. These changes will …
Federal Reserve and CFPB Update Rules on Bank Fund Availability Amid Inflation Read More