Chester County News and Community Website
In the wake of the cryptocurrency industry’s implosion, U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, is calling for stronger financial …
Brown: Why Financial Safeguards Are Needed for Digital Assets Read More
The Consumer Financial Protection Bureau (CFPB) recently proposed requiring certain nonbank financial firms to register with the CFPB when they become subject to certain local, state, or federal consumer financial …
New CFPB Rule Requires Registration of Repeat Offenders Read More The Consumer Financial Protection Bureau (CFPB) recently released a special edition of Supervisory Highlights on recent examination findings covering the practices of student loan servicers, and schools that lend to students …
CFPB Exam Reveals Illegal Collection Tactics by Student Loan Servicers Read More
WASHINGTON D.C. — The Federal Financial Institutions Examination Council (FFIEC) announced the availability of data on 2021 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 4,338 …
2021 Data on Mortgage Lending Released Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) recently published an advisory opinion to affirm that the Equal Credit Opportunity Act (ECOA)—a landmark federal civil rights law protecting individuals …
CFPB Issues Advisory Opinion on Coverage of Fair Lending Laws Read More
GREENBELT, MD — U.S. District Judge Paul W. Grimm sentenced Francis Arthur, age 35, of Silver Spring, Maryland on May 2, 2022, to one year and a day in federal …
Man Sentenced to Federal Prison for a Money Laundering Conspiracy Involving High End Vehicles Read More WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) announced that this week it invoked a largely unused legal provision to examine nonbank financial companies that pose risks to consumers. …
CFPB Invokes Dormant Authority to Examine Nonbank Companies Posing Risks to Consumers Read More
WASHINGTON, D.C. — The Federal Trade Commission has provided the Consumer Financial Protection Bureau (CFPB) with its annual summary of activities to protect consumers from abusive and predatory debt collectors. …
FTC Refunded $4.86 Million to Victims of Abusive Debt Collectors in 2021 Read More
WASHINGTON, D.C. — A report recently published by the Consumer Financial Protection Bureau (CFPB) shows few payday loan borrowers are benefiting from no-cost extended payment plans, which are required to …
CFPB Finds Payday Borrowers Continue to Pay Significant Rollover Fees Despite State-Level Protections Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) recently sanctioned Edfinancial Services, a student-loan servicer, for making deceptive statements to student loan borrowers and misrepresenting their forgiveness and repayment …
CFPB Sanctions Edfinancial for Lying about Student Loan Cancellation Read More