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Recent Posts in CFPB Category

CFPB Sues Navient For Deceptive Student Loan Practices

The Consumer Financial Protection Board has taken action against Navient, the nation’s largest student loan lenders for engaging in illegal and deceptive activities and failing borrowers at ...
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New Debt Collection Rules Unveiled

Debt collectors and their aggressive collection practices have attracted the attention of federal and state regulatory agencies over the past year because of an excessive amount of consumer complaints ...
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Pressler & Pressler and New Century Financial ordered to stop deceptive practices

In a recent action, the Consumer Financial Protection Bureau ordered a debt collection law firm and two principal partners to stop filing deceptive lawsuits based on faulty or nonexistent evidence. ...
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Illegal Student Loan Debt Scheme Shut Down

The Consumer Financial Protection Bureau has asked that a final judgment and order be entered by federal district court that would shut down a harmful student debt scheme. It has been alleged that ...
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Illegal Debt Collecting Practices

The Consumer Financial Protection Bureau recently released a report that has resulted in the remediation of $14.3 million to consumers. Approximately 228,000 consumers were the victims of violations ...
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Citibank Ordered to Provide Relief to Consumers

The Consumer Financial Protection Bureau took two separate actions against Citibank for illegal debt sales and debt collection practices. The CFPB ordered Citibank to pay $5 million in consumer relief ...
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Debt Collector Ordered to Pay $2.5 Million by CFPB

The Consumer Financial Protection Bureau filed a federal complaint against EOS for reporting and collecting on disputed and unverified consumer cellphone debt. EOS is a Massachusetts debt collection ...
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Debt Settlement Company Sued for Illegal Fees and False Promises

The CFPB announced that it has obtained a preliminary injunction against World Law Group and its senior leaders for running a debt-relief scheme that charged consumers illegal upfront fees. The ...
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