Chester County News and Community Website
The Consumer Financial Protection Bureau (CFPB) announced it has joined with several state attorneys general and a state regulator to take action against Prehired for deceptive marketing and debt collection …
Prehired Faces Action by CFPB and State Attorneys General for Deceptive Marketing and Debt Collection Read More
The Consumer Financial Protection Bureau (CFPB) announced it has ordered Bank of America to pay more than $100 million to customers for systematically double-dipping on fees imposed on customers with …
CFPB Acts Against Bank of America for Illegal Junk Fees, Withheld Credit Card Rewards, and Fake Accounts Read More
The Consumer Financial Protection Bureau (CFPB), U.S. Department of Health and Human Services (HHS), and U.S. Department of Treasury (Treasury) recently launched an inquiry into high-cost specialty financial products, such …
Cracking Down on High-Cost Medical Payment Products: CFPB, HHS, and Treasury Launch Inquiry Read More The Consumer Financial Protection Bureau (CFPB) recently issued an order against ACI Worldwide and one of its subsidiaries, ACI Payments, for improperly initiating approximately $2.3 billion in unlawful mortgage payment …
CFPB Slaps ACI Worldwide with $25M Penalty for Improper Mortgage Transactions Read More
The Consumer Financial Protection Bureau (CFPB) recenlty issued two new reports on the financial opportunities and challenges facing Southern communities. The Southern U.S. is home to diverse populations, including many …
CFPB Releases Reports on Banking Access and Consumer Finance in Southern States Read More
The Consumer Financial Protection Bureau (CFPB) recently released its annual report on the top financial concerns facing military families. The report highlights the growth of digital payment app usage in …
New Report Identifies Issues with Increased Servicemember Use of Digital Payment Apps Read More
Five federal regulatory agencies are requesting public comment on proposed guidance addressing reconsiderations of value (ROV) for residential real estate transactions. The proposed guidance advises on policies that financial institutions …
Federal Agencies Seek Public Opinion on Reconsideration of Value for Residential Real Estate Transactions Read More The Consumer Financial Protection Bureau (CFPB) recently took action against medical debt collector Phoenix Financial Services (Phoenix) for numerous debt collection and credit reporting violations. In at least thousands of …
CFPB Takes Action Against Phoenix Financial for Illegal Debt Collection Practices Read More
The Consumer Financial Protection Bureau (CFPB) recently released a new issue spotlight on the expansive adoption and use of chatbots by financial institutions. Chatbots are intended to simulate human-like responses …
Chatbots in Banking: Cost-Effective Customer Service or Fast Track to Frustration Read More The Consumer Financial Protection Bureau (CFPB) recently published an issue spotlight on digital payment apps heavily used by consumers and businesses. The analysis finds that funds stored on these apps …
Are Digital Payment Apps Safe? CFPB’s Analysis on Funds Storage Raises Questions Read More