Chester County News and Community Website
In the wake of several large domestic systemically important banks (DSIBs) failing nine months ago, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra has underscored the importance of regulatory authorities …
CFPB Director Emphasizes Need for Regulatory Action to Protect Financial Stability in Annual Report Read More
The Consumer Financial Protection Bureau (CFPB) has cracked down on Commonwealth Financial Systems, a medical debt collector, for illegal practices in trying to collect unverified medical debts. The Pennsylvania-based company …
CFPB Takes Action Against Medical Debt Collector for Unverified Debts Read More Atlantic Union Bank has been ordered by the Consumer Financial Protection Bureau (CFPB) to refund at least $5 million in illegal overdraft fees and pay a $1.2 million penalty to …
Atlantic Union Bank Faces $1.2M Penalty for Illegal Overdraft Practices Read More The Consumer Financial Protection Bureau (CFPB) has recently imposed a $12 million penalty on Bank of America for providing false mortgage lending data to the federal government. This violation of …
Bank of America Fined $12 Million for False Mortgage Lending Information Read More The Consumer Financial Protection Bureau (CFPB) along with 11 states recently announced a decisive enforcement action against Prehired, a Delaware-based company offering a 12-week online training program. The company is …
Prehired Ordered to Pay Over $30 Million in Relief for Deceptive Practices and Illegal Loans Read More
The Consumer Financial Protection Bureau (CFPB) has delivered a significant ruling against Toyota Motor Credit Corporation for operating an illegal scheme that prevented borrowers from canceling product bundles, which led …
Consumer Financial Protection Bureau Orders Toyota Motor Credit to Pay $60 Million in Redress and Penalties Read More
The Federal Trade Commission (FTC) recently submitted its annual summary of consumer protection activities in the debt collection sector to the Consumer Financial Protection Bureau (CFPB). The CFPB will use …
FTC Provides CFPB with Annual Summary of Debt Collection Activities Read More
The Consumer Financial Protection Bureau (CFPB) recently issued a report shedding light on the difficulties American families experience when confronted with medical debt collection. The CFPB received thousands of consumer …
CFPB Highlights Issues with Medical Debt Collection, Pledges Enforcement and Education Read More The Consumer Financial Protection Bureau (CFPB) has slapped online lender Enova International Inc. with a hefty $15 million fine for its consistent illegal conduct, including unauthorized withdrawals from customers’ bank …
CFPB Fines Enova International $15 Million for Violating Consumer Protection Laws Read More
The Federal Reserve Board and the Consumer Financial Protection Bureau (CFPB) recently announced the updated dollar thresholds that will determine the applicability of certain requirements under Regulation Z (Truth in …
Federal Reserve and CFPB Announce Increased Dollar Thresholds for 2024 Regulations Z and M Read More