The Consumer Financial Protection Bureau has filed a lawsuit against an Illinois debt settlement company and its owners.
The bureau alleges the company violated the Telemarketing Sales Rule by engaging in deceptive and abusive telemarketing acts or practices and the Consumer Financial Protection Act through deceptive acts or practices.
FDATR promised to provide student-loan debt-relief and credit-repair services to consumers nationwide. The company was involuntarily dissolved in September 2020. Read on for details.
The Consumer Financial Protection Bureau (CFPB) has ordered an Orlando, Fla.-based nonbank to pay $9.3 million for misleading statements in its disclosures and advertisements of its auto loan program.
However, the CFPB suspended some of that amount due to the company’s and owner’s demonstrated inability to pay.
Read on for more from the bureau’s consent order, which contains requirements to prevent future violations.
The Consumer Financial Protection Bureau (CFPB) has entered a settlement with a non-bank, Illinois-based debt collector to address violations involving providing information to consumer reporting agencies (CRAs).
The CFPB said the company furnished information to CRAs it knew or had reasonable cause to believe was inaccurate and failed to report to CRAs an appropriate date of first delinquency on certain accounts.
Read on for details from the bureau’s consent order.
The Consumer Financial Protection Bureau has filed a lawsuit against a Florida lender for allegedly engaging in deceptive acts or practices in taking deposits from and offering credit to consumers.
The lender, which offers short-term, high-interest loans to consumers funded by deposits made by other consumers, allegedly misrepresented the risks associated with its deposit product and the annual percentage rate for extensions of credit.
Read on for details from the bureau’s suit.
The Consumer Financial Protection Bureau has filed a complaint against a pair of California companies focusing on student loan debt and debt settlement.
The bureau alleged the companies charged illegal advance fees in violation of the Telemarketing Sales Rule (TSR) to student loan borrowers seeking to obtain loan consolidation, loan forgiveness, or income-driven repayment plans for their federal student loans, and failed to make required disclosures to certain consumers in violation of the TSR.
Read on for more details.
Encore Capital Group, Inc., and its subsidiaries are accused of violating the Consumer Financial Protection Act, Fair Debt Collection Practices Act and Fair Credit Reporting Act.
Read on for details from the CFPB’s proposed settlement, including redress to consumers and civil money penalties.
The Consumer Financial Protection Bureau (CFPB) has issued a consent order against Nissan Motor Acceptance Corp., an auto financing subsidiary of Nissan North America, Inc., which services auto loans and leases originated by Nissan and Infiniti dealerships nationwide.
The bureau found that Nissan and its agents wrongfully repossessed vehicles and made deceptive statements in its loan extension agreements, among other allegations.
Read on for details from the CFPB’s consent order.
The Consumer Financial Protection Bureau (CFPB) has entered into a settlement agreement with a California-based auto loan servicer.
The CCFP found the company engaged in unfair practices with its Loss Damage Waiver product, in violation of the Consumer Financial Protection Act, such as billing for coverage that was not provided.
Read on for details from the CFPB’s consent order, including what the business must pay in consumer redress and civil money penalties.
The Consumer Financial Protection Bureau (CFPB) has issued a consent order against another mortgage company accused of targeting servicemembers and veterans with deceptive loan advertisements.
This time, the consent order was filed against a California corporation that is licensed as a mortgage broker or lender in 22 states. This is the eighth case stemming from a bureau sweep of investigations of multiple mortgage companies.
Read on for details.
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