Chester County News and Community Website
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, the Federal Reserve Board, and the Office of the Comptroller of the Currency recently announced that the 2023 threshold for exempting loans from special appraisal …
New Threshold Announced for Higher-Priced Mortgage Loans Read More
The Consumer Financial Protection Bureau (CFPB) recently published a report on terms and fees associated with banking products marketed in partnership with colleges to students. The report raises questions about …
Study Raises Questions About College Banking Deals Read More
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against MoneyLion Technologies, an online lender, and 38 of its subsidiaries, for imposing illegal and excessive charges on servicemembers and …
The CFPB Sues MoneyLion for Illegal Loan Practices Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) announced it is seeking public input on how bank customers can assert their rights to better customer service with big banks. …
CFPB Launches Initiative to Improve Customer Service at Big Banks Read More WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) recently took action against the owner of a student-loan debt relief company for allegedly withdrawing hundreds of thousands of dollars from …
CFPB Seeks Ban Against Operator of Student Loan Debt Relief Scam Reboot Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) did recently confirm that federal anti-discrimination law requires companies to explain to applicants the specific reasons for denying an application for …
CFPB Acts to Protect the Public from Black-Box Credit Models Using Complex Algorithms Read More
WASHINGON, D.C. — The Consumer Financial Protection Bureau (CFPB), in partnership with the New York Attorney General, filed a proposed stipulated judgment in federal court to settle its case against …
Federal Government and New York Attorney General Shut Down Debt Collection Ring 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