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Enforcement

Funds
National

CFPB Distributes $1.8 Billion to Consumers Harmed by Unlawful Credit Repair Practices

December 10, 2024December 9, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has announced the distribution of $1.8 billion to 4.3 million consumers who were charged illegal advance fees and subjected to misleading advertising …

CFPB Distributes $1.8 Billion to Consumers Harmed by Unlawful Credit Repair Practices Read More

Legal
National

CFPB Moves Against Climb Credit Over Misleading Practices in Student Lending

December 10, 2024December 9, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has announced enforcement actions against Climb Credit, a private student lender, and its controlling investor, 1/0 (“One Zero”), for engaging in deceptive …

CFPB Moves Against Climb Credit Over Misleading Practices in Student Lending Read More
Justice
National

CFPB Bans Student Loan Pro and Owner from Offering Financial Services

December 9, 2024December 9, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has announced enforcement actions against Student Loan Pro and its owner, Judith Noh, permanently barring them from offering consumer financial products or …

CFPB Bans Student Loan Pro and Owner from Offering Financial Services Read More

Consumer Financial Protection Bureau (CFPB)
National

GTL Under Fire: CFPB Penalizes Telecom Giant for Exploiting Incarcerated Populations

November 18, 2024November 18, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has taken decisive action against Global Tel Link Corporation (GTL), accusing the company of engaging in illegal practices that deprived incarcerated individuals …

GTL Under Fire: CFPB Penalizes Telecom Giant for Exploiting Incarcerated Populations Read More
Consumer Financial Protection Bureau (CFPB)
National

CFPB Imposes Record Penalty on Navy Federal Credit Union for Illegal Overdraft Fees

November 10, 2024November 10, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has levied a significant enforcement action against Navy Federal Credit Union, the largest credit union in the United States, for imposing unlawful …

CFPB Imposes Record Penalty on Navy Federal Credit Union for Illegal Overdraft Fees Read More

Consumer Financial Protection Bureau Requests Information on the Impact of the CARD Act Regulations on Small Entities and the Consumer Credit Card Market
National

CFPB Moves to Resolve Case Against Townstone Financial on Redlining Allegations

November 4, 2024November 4, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has filed a proposed order to resolve its case against Townstone Financial. The order, pending court approval, seeks to address allegations …

CFPB Moves to Resolve Case Against Townstone Financial on Redlining Allegations Read More
Consumer Financial Protection Bureau (CFPB)
National

CFPB Takes Action Against VyStar Credit Union Over Online Banking Failure

November 4, 2024November 4, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has taken decisive action against VyStar Credit Union following its flawed deployment of a new online banking platform that adversely affected its …

CFPB Takes Action Against VyStar Credit Union Over Online Banking Failure Read More

Consumer Financial Protection Bureau Requests Information on the Impact of the CARD Act Regulations on Small Entities and the Consumer Credit Card Market
National

CFPB Levies Significant Penalties Against Apple and Goldman Sachs Over Apple Card Mismanagement

October 29, 2024October 28, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has taken action against Apple Inc. and Goldman Sachs for significant missteps in their management of the Apple Card, affecting hundreds …

CFPB Levies Significant Penalties Against Apple and Goldman Sachs Over Apple Card Mismanagement Read More
Consumer Financial Protection Bureau (CFPB)
National

CFPB Sues Climb Credit for Misleading Students and Concealing Loan Costs

October 21, 2024October 21, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Climb Credit, Inc., a student loan provider, and its principal shareholder, 1/0 Holdco LLC. The suit …

CFPB Sues Climb Credit for Misleading Students and Concealing Loan Costs Read More
Consumer Financial Protection Bureau
National

Federal Agencies Hold Fairway Mortgage Accountable for Discriminatory Lending Practices

October 21, 2024October 21, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) and the Justice Department (DOJ) have taken significant action against Fairway Independent Mortgage Corporation, accusing the company of redlining in majority-Black …

Federal Agencies Hold Fairway Mortgage Accountable for Discriminatory Lending Practices Read More

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