Page 18 - Cfpb News Today

Bad habits are hard to break. But if you're going to break any bad habit this year, break a bad banking habit. Irresponsible banking can cost you money. Lots of money. In fact, according to the...

Consumer Financial Protection Bureau director Rohit Chopra said Thursday that tech giants are cutting off innovation in the US payments system.

Online personal information is a hot commodity.

The CFPB is encouraging student-loan borrowers to submit complaints if they could be victims of companies that "made it harder" to get debt relief.

Retired Americans are being bombarded with offers for reverse mortgages.

Credit repair titans face a $2.7 billion settlement with the CFPB for charging customers illegal fees. The Consumer Financial Protection Bureau (CFPB) settled with some of the largest credit repair companies on Monday, including Lexington Law and CreditRepair.com. This action is the latest example of the CFPB cracking down on the credit repair industry. Credit repair companies’ settlement The settlement found that the companies charged customers illegal "advance" fees, violating...

Heights Finance was charged over a loan-churning scheme that aggressively pushed borrowers to refinance. The government’s consumer watchdog group is suing high-cost installment lender Heights Finance Holding and its subsidiaries for illegal loan-churning practices that collected hundreds of millions of dollars in loan costs and fees from struggling borrowers.In a complaint filed in a South Carolina district court, the Consumer Financial Protection Bureau (CFPB) alleges that Heights Financ...

The district court had ruled that the Equal Credit Opportunity Act (ECOA) was only applicable to applicants

The parent company of subprime lender TitleMax is warning nearly 5 million customers that a data breach affecting them is worse than was previously reported. In

A ruling in Illinois from a Democratic-approved judge would invalidate the Equal Credit Opportunity Act in actions taken before the application stage.